This highly-anticipated decision follows a significant policy move made in the Bank's previous meeting, where it hiked the policy rate by a substantial 7.5 percentage points, bringing it to 25 percent.

The forthcoming meeting of the Monetary Policy Committee, presided over by Central Bank Governor Hafize Gaye Erkan, will be closely watched by financial markets and analysts alike.

The official interest rate decision is slated for release after the meeting concludes on Thursday, September 21, with the announcement expected to be made at 14:00 local time.

The CBRT's prior move to increase the policy rate was a bold and significant step, reflecting the Bank's commitment to addressing economic challenges and stabilizing financial conditions in Turkey. (ILKHA)