Turkey's Central Bank Monetary Policy Committee to convene Thursday
The Monetary Policy Committee (MPC) meeting will be held on Thursday to announce the Central Bank’s decision on interest rates.
The bank reduced the policy rate (one-week repo auction rate) from 18.00 percent to 16.00 last month.
The central bank is expected to cut its policy rate by 100 basis points to 15%.
The Monetary Policy Committee will announce the policy decision at 2 p.m. on Thursday.
The Monetary Policy Committee (MPC) is the decision-making body for monetary policy under the inflation targeting regime.
The MPC is made up of the Governor, Deputy Governors, a member appointed from among the members of the Board, and another member appointed by a joint decree upon recommendation of the Governor.
The Undersecretary of Treasury or a Deputy Undersecretary authorized by the Undersecretary can attend the meetings without voting capacity. (ILKHA)