When will the Central Bank interest rate decision be announced, what will the interest rate decision be?

While the flat course of TL continues, the decision of the Monetary Policy Committee (MPC) will be followed, which is expected to keep the Central Bank Policy Rate (CBRT) at 9%. Despite inflation exceeding 85% in August, September, October and November and the ongoing global tightening cycle, the Central Bank cut the policy rate in line with President Tayyip Erdoğan’s single-digit signal at the end of year.

WHEN WILL THE CENTRAL BANK INTEREST DECISION BE ANNOUNCED?

The Central Bank’s Monetary Policy Committee (PPK) will announce its interest rate decision on January 19 at 2:00 p.m.

WHAT HAPPENS WITH THE INTEREST DECISION OF THE CENTRAL BANK?

Reuters The 22 economists who participated in the survey expect the CBRT to keep the policy rate unchanged today.

Possible modifications to the PPK text, as well as bank reservations, are among the items on the agenda that will be followed today. A total of 4 bankers, whose calculations Reuters refers to, expect total CBRT reserves to reach $127.2 billion, an increase of close to $1 billion. While the CBRT also wanted to end practices that drive up commercial lending costs this week, it also noted that if the process continues, fixes can be made. This week, the Bank also readjusted the legal reserve ratio for TL deposits of more than three months and for foreign currency liabilities of more than six months obtained abroad until the end of the year. Following the decision, there was a 1-2 point increase in interest on deposits across the sector, while bankers said that interest rates on deposits were close to 30% and even higher than this rate in some campaigns. .

aa finance, The expectations survey for the CBRT Monetary Policy Committee (MPC) meeting, to be held on Thursday, January 19, included the participation of 15 economists.

Based on the survey results, all economists expect the policy rate to remain constant at 9 percent.

On the other hand, the average of the forecasts of 6 economists, who transferred their expectations on the policy rate by the end of 2023, was 19.4 percent. These expectations ranged from 7 to 26 percent.

At the MPC meeting held last month, the policy rate was held at 9 percent.