Economists Expect CBRT to Hold Interest Rate at 50% in September

Economists Expect CBRT to Hold Interest Rate at 50% in September

Economists Predict No Change in CBRT’s September Interest Rate Decision As the Central Bank of Turkiye (CBRT) prepares for its upcoming September meeting, all eyes are on the potential impact of its interest rate decision. The CBRT’s policy rate, currently set at 50%, is expected to remain unchanged according to a survey conducted by AA Finance. All 15 economists surveyed believe that the bank will maintain its current rate. Economists’ Interest…

Interest rate cuts expected to solidify strengthening economy

Speculation is high that the Federal Reserve will be cutting interest rates soon. Mark Hoffman, chief investment officer for Fulton Financial Advisors, said most in the financial services industry are predicting the Fed will cut rates by one quarter to one half point, with the first cut expected at its Sept. 18 meeting. “The Fed is recognizing that inflation is backing down and interest rates may be too high right now,” Hoffman said. “We don’t n…