06.03.2025 08:30
Today, all eyes are on the Central Bank. The Central Bank will announce the critical interest rate decision that all economic circles and investors have been eagerly awaiting at 2:00 PM today. While the decision is expected to have a profound impact on the economy and financial markets, the consensus is that the interest rate will be reduced by 250 basis points to 42.5%.
After the announcement of inflation data for February by TÜİK, attention turned to the interest rates to be announced by the Central Bank. The critical decision will be announced today at 14:00 by the Central Bank of the Republic of Turkey (CBRT).
ALL EYES ON THE SECOND INTEREST RATE DECISION OF THE YEAR
The Central Bank's Monetary Policy Committee (MPC) had decided to announce interest rates 8 times instead of 12 times in 2025. The Bank, which held its first meeting in January, reduced the interest rate from 47.5% by 250 basis points to 45%. Additionally, the minutes of the bank indicated that the interest rate was high, signaling a potential decrease. Following the Central Bank's series of rate cuts, the extent and duration of these reductions are also significant from an economic indicators perspective. Therefore, all eyes are on the Monetary Policy Committee, chaired by Central Bank President Fatih Karahan, which will announce the second interest rate decision of the year today.
EXPECTATIONS ARE FOR A 250 BASIS POINT CUT
The expectation survey for the Monetary Policy Committee meeting was completed with the participation of 20 economists. All economists participating in the survey predict that the policy interest rate will be reduced by 250 basis points to 42.5%. The median expectation of economists for the year-end policy interest rate is 30%.