Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Clearing the Air: The Benefits of Range Hoods in Your Kitchen

    March 27, 2023

    Dai Price Prediction

    January 17, 2023

    Telcoin Price Prediction

    January 17, 2023
    Facebook Twitter Instagram
    Subscribe
    knowledgenetworks.com
    Facebook Twitter LinkedIn YouTube
    • News
    • TV
    • Technology
    • Finance
      • crypto price prediction
    • Trading Software
    • contact us
    • About us
    knowledgenetworks.com
    Home » What will the central bank’s interest rate decision be?
    News

    What will the central bank’s interest rate decision be?

    By Anton KovačićSeptember 21, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
    Share
    Facebook Twitter Pinterest Reddit WhatsApp Email

    Markets turned to the CBRT’s interest rate decision. The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee will meet tomorrow under the chairmanship of Central Bank Governor Şahap Kavcıoğlu. The interest rate decision will be announced at 14:00. While central banks all over the world are making tightening moves; The CBRT took a surprise rate cut decision last month and lowered the policy rate from 14 percent to 13 percent. Thus, the first interest rate cut of 2022 was realized. In the MPC text, it was stated that the updated policy rate level was sufficient under the current outlook. The Central Bank made the previous rate cut in December 2021 and skipped the next 7 meetings.

    What is expected from the Central Bank?

    Credit rating agency Fitch announced its forecast for the CBRT’s interest rate decision. The Fitch official expects the CBRT to keep interest rates constant until after the Presidential elections. Speaking in the webinar on commodity prices, inflation and increasing interest rates in Turkey, the Middle East and Africa, Fitch official said that they expect interest rates to be increased after the elections in Turkey. In the Reuters survey, the expectation for this month is that the policy rate will be kept constant at 13 percent, while the minority interest rate cut is also forecast. In the ForeksHaber survey, the median expectation was that the interest rate would remain constant at 13 percent. The average estimate in the survey pointed to a 50 basis point cut. While 8 of the 15 economists who participated in the survey predicted that the interest rate will be kept constant, 7 of them expressed their expectation that the rate cut will be decided. One of the economists predicted that the interest rate will be reduced by 50 basis points and 6 of them by 100 basis points. In the expectations survey of AA Finans, it was predicted that the interest rate would be kept constant. Nine of the economists participating in the survey, which was attended by 29 economists, expect a 100 basis point cut in the policy rate, and 1 expect a 50 basis point cut. In the Bloomberg HT survey, the expectation of a rate cut came to the fore. In the survey, in which 17 institutions participated, 9 institutions expect a discount. Eight of the institutions announced a 100 basis point rate cut and one 50 basis point rate cut expectation.

    How much has the TL lost value?

    The lira has lost less than 2 percent against the dollar since the surprise rate cut last month. The Turkish lira has lost close to 19 percent since the end of April, close to 28 percent since the beginning of the year, and 54 percent in the last year. The Turkish lira lost more than 40 percent of its value last year.

    • Author Details
    Anton Kovačić Administrator

    A professional writer by day, a tech-nerd by night, with a love for all things money.

    web
    https://knowledgenetworks.com/
    email
    [email protected]
    follow me
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticlePost Mortem: No One Dies in Skarnes
    Next Article 4 tips to increase professionalism in your first job

    Related Posts

    Clearing the Air: The Benefits of Range Hoods in Your Kitchen

    March 27, 2023

    There is a huge appetite for investment in Anatolia

    January 16, 2023

    World Economic Forum kicks off in Davos

    January 16, 2023

    At Davos, leaders will be called to “handle crises together”

    January 15, 2023

    Reached more than 20 thousand SMEs in 9 months

    January 15, 2023

    How much salary increase is expected in which sector? Here are the 2023 hike forecasts…

    January 14, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    About Us
    About Us

    All the knowledge your working brain needs to stay in shape. From technology and environmental policy to education, job hunting, and health tips, knowledgenetworks.com has the news you need

    33 Queen St, London EC4R 1AP, United Kingdom

    Categories
    • crypto price prediction
    • Finance
    • How To
    • Investing
    • News
    • nft
    • Technology
    • Trading Software
    • TV
    contact us

    If you’d like to send us some feedback, would like to advertise with us , please use the Email below to connect with us.
    We read every email and usually reply within one business day.
    Please note that due to the high number of inquiries that we receive, we can only reply to relevant propositions.
    Thank you

    Email Address
    info(@)marketing-buss.com
    33 Queen St, London EC4R 1AP, United Kingdom

    Facebook Twitter LinkedIn YouTube
    • Home
    • News
    • Technology
    © 2023 knowledgenetworks. Designed by BTN

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version