Turkish Central Bank set to announce interest rate decision amid economic uncertainty

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)