The eyes of the markets are on the interest rate decision of the TCMB.

◻️The Central Bank of the Republic of Turkey (TCMB) is expected to keep the policy rate constant at 50% in the meeting to be held on August 20. Economists predict that there will be no change in the interest rate after the tightening made by the TCMB in March.

◼️All 13 economists who participated in the survey agree on this view. The median of the year-end policy rate expectations is estimated as 45%. While the Consumer Price Index (CPI) was 61.78% in July, the TCMB predicts that inflation will fall to 38% by the end of the year.

◻️President Fatih Karahan stated that the tight monetary policy stance will be maintained for a long time during the disinflation process and that this stance will continue in the interest rate cuts.

-Ekotürk