Turkish Central Bank likely to keep policy rate unchanged

ISTANBUL

Anadolu surveyed economists, who projected that the Turkish Central Bank would keep the policy interest rate at 46% next week.

Among 23 economists, 19 estimated that the policy rate would remain constant, while others projected a rise ranging from 100 to 350 basis points.

The Central Bank’s current policy rate is 46%. In April, it increased the rate from 42.5% to 46%.

The average year-end forecast among the surveyed economists is 35.5%.

The bank’s policy rate decision will be released on Thursday, June 19.