Turkish Central Bank Expected To Hold İnterest Rates

22.08.2014 18:34

A panel of economists predicted that interest rates would remain the same this month.

A group of leading economists has predicted that Turkey's Central Bank will keep interest rates on hold in the short term.

With the bank's monetary policy committee due to meet on August 27, the 20 experts surveyed by The Anadolu Agency expected little if any change in interest rates.

The majority predicted the rate will remain the same while two forecast it would decrease by 0.25 base points and one predicted a drop by 0.5 point.

The committee reduced the rates by 0.5 and 0.75 points at its May and June meetings.

The government has criticized the bank for maintaining high interest rates, describing it as a constraint on economic growth.

In January the bank introduced drastic interest rate hikes in response to the rise of the U.S. dollar against the Turkish lira.

www.aa.com.tr/en - Ankara

Turkish Central Bank Expected To Hold İnterest Rates

A panel of economists predicted that interest rates would remain the same this month.

Latest News

"It's selling very well in Turkey too! The French giant is recalling its famous cream from the market."

"The hostage crisis on the train continues! 155 people have been rescued, and 27 militants have been killed."

"A negative forecast for the U.S. economy also came from Goldman Sachs."

"Precedent decision! A person who shared a photo taken with a friend receives a prison sentence."

"The anti-Assad diplomat was assassinated."

"An investigation has been launched against those who demand money in exchange for "magic" on social media."

"President's Chief Advisor Saral: When a person is empty, they see the questions asked as empty as well."

"The car that couldn't make the turn fell into the creek, and there are many injured."

"The MHP has decided not to hold talks with the CHP."

"The US-Ukraine summit resulted in a ceasefire decision."

"Galatasaray did not celebrate Drogba's birthday, who supported Mourinho during the "racism" crisis."

"The most commonly used names and surnames in Turkey have been revealed."

"The striking detail at the funeral of Sevcan, who was killed by her husband with a sickle, 2 months after their marriage."

"The deputy who took the podium exposed the prostitution ring in the TRNC."

"The allegation of deception between father and son turned into a bloody fight: The father ran over his son with an SUV."

"Brutality in Samsun: An elderly man who went to withdraw his salary was killed and hidden in the basement of his father's house."

"Marmaris Mayor Ünlü: Sinpaş Kızılbük Hotel will be demolished after legal proceedings."

"Selen Erdem, who is compared to Fatih Terim, has reached an agreement with Panathinaikos."

"Operation against arms traffickers in Mersin! A large amount of ammunition was seized from the garden of a house."

"Arda Güler has made up his mind to leave Real Madrid."

"In the operation against those who defrauded the treasury, 150 people were detained."

"A Super Lig giant's offer to Isco that he can't refuse."

"Worrisome words from Trump: A nuclear war could break out tomorrow."

"He went out onto the balcony and shot a person passing by on the street with a shotgun."

"The angry customer drove into the dealership: 8 injured."