The majority of economists participating in AA Finans’ expectation survey regarding the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) meeting predict that the one-week repo rate (policy rate) will be reduced.
The market expectation survey of AA Finans for the MPC meeting to be held on Thursday, October 21 resulted in the participation of 26 economists.
Accordingly, while 6 economists expect the policy rate to remain constant at 18 percent, 8 economists expect the policy rate to be reduced by 50 basis points, 1 economist by 75 basis points, and 11 economists by 100 basis points.
The median of economists’ expectations for the change in the policy rate was 50 basis points lower. At the MPC meeting in September, the policy rate was reduced from 19 percent to 18 percent.
The median of economists’ year-end policy rate expectations was 17 percent, down 100 basis points compared to the previous survey period.
Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.
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