Turkish central bank set to announce interest rate decision amidst heightened market focus

Under the leadership of Central Bank Governor Hafize Gaye Erkan, the MPC will convene today with the interest rate announcement scheduled for 14:00 local time.

In recent meetings, the CBRT implemented aggressive interest rate hikes, cumulatively increasing rates by 16.5 percentage points. In its most recent session, the central bank raised the policy rate by 7.5 points to reach 25 percent.

Market sentiment and official communications from the CBRT have strongly indicated a commitment to continued tightening measures.

Economists are widely anticipating a further 5-point rate hike from the CBRT during this month's meeting. Projections from financial experts range from 27.5 percent to as high as 31 percent.

Investors and market analysts will be closely monitoring the CBRT's decision, which is expected to have significant implications for Türkiye's economic landscape. (ILKHA)