Turkish central bank to announce interest rate decision on August 24

Chaired by Central Bank Governor Hafize Gaye Erkan, the Monetary Policy Committee of the Central Bank of the Republic of Turkey (CBRT) is set to convene for deliberations.

All eyes will be on the outcome of the meeting, with the eagerly awaited interest rate decision scheduled for unveiling after the session on August 24. The disclosure is anticipated to take place at precisely 14:00.

In the preceding meeting, the Turkish Central Bank had undertaken the significant step of raising the policy rate to the level of 17.5 percent.

As financial markets brace for potential shifts, the upcoming announcement holds the promise of shaping the country's economic trajectory in the days ahead. (ILKHA)