Turkish central bank set to announce interest rate decision

The Monetary Policy Committee, led by Central Bank Governor Hafize Gaye Erkan, will convene to deliberate on the forthcoming interest rate.

Market participants and analysts are eagerly awaiting the outcome of the committee meeting, as the interest rate announcement is expected to be disclosed on Thursday, June 22, at 14:00 local time.

During the previous gathering, the Central Bank opted to maintain the policy rate at 8.5 percent, and now economists are speculating whether a policy rate increase might be on the horizon as the bank continues to assess the evolving economic landscape.

The upcoming interest rate decision holds significant implications for the Turkish economy, and its announcement will be closely monitored by financial markets and businesses alike.. (ILKHA)