Turkish Central Bank to announce interest rate decision today

All eyes are on the committee's decision regarding interest rates, which will be announced at 2:00 PM local time (11:00 GMT) following the meeting.

At the last meeting, the Bank opted to hold the rate steady at 45%. Economists generally anticipate the same outcome today, with forecasts placing the year-end policy rate at 45%.

This decision comes amidst ongoing efforts to combat inflation in Türkiye. The Bank will be closely watched for any signals regarding future monetary policy direction. (ILKHA)