The CBRT will announce the interest rate decision on Thursday

The Board, which will meet under the chairmanship of CBRT Governor Fatih Karahan, will determine the seventh interest rate decision of the year. Following the meeting, the interest rate decision will be announced along with the Board's reasoning at 14:00 on the same day.

At the last MPC meeting held in September, the bank decided to keep the one-week repo auction interest rate, which is the policy rate, constant at 37 percent.

Economists participating in the expectations survey expect the CBRT to reduce the policy rate by 100 basis points to 36 percent in October.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)