The Monetary Policy Committee, led by Governor Fatih Karahan, will convene this week to discuss rates. The bank had previously raised the policy rate to 50% at its last meeting.

Economists currently predict the committee will hold the rate steady at 50%. This decision comes amidst a backdrop of rising exchange rates, with survey participants revising their year-end USD/TL forecast upwards to 40.53 TL, compared to 40.02 TL in the previous survey. (ILKHA)