US EditionTurkiye Market Anticipates 250+ Basis Points Rate Cut by CBRT in July
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Turkish financial markets opened the first trading day of the week on a positive note. Markets were focused on the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee meeting, which concludes on Thursday, while expectations of a rate cut of at least 250 basis points guided pricing. This optimism, coupled with the calmer political climate, boosted risk appetite. The two-year benchmark bond's compound yield has declined over th…
Turkiye Market Anticipates 250+ Basis Points Rate Cut by CBRT in July
Market participants in Türkiye anticipate a sharp monetary policy shift beginning in July, with the Central Bank of the Republic of Türkiye (CBRT) expected to lower its benchmark interest rate by at least 250 basis points. The latest Market Participants Survey conducted by the CBRT places the policy rate expectation for the upcoming meeting at 43.29%, signaling a notable departure from the current stance. Forecasts for subsequent meetings also s…
Participants in the Central Bank's Market Participants Survey predicted a 279 basis point cut in the policy rate to 43.29% at the Monetary Policy Committee meeting in July. Business representatives, however, predicted a 350-400 basis point cut.
While Akçelik highlighted the risks of sticky inflation and the rent item, he stated that the improvement in reserves and Türkiye's risk premium will continue.
Markets are eagerly awaiting the Central Bank of the Republic of Turkey's interest rate decision. According to an interest rate expectations survey conducted by AA Finance, 21 economists predicted the bank would cut interest rates in July. Meanwhile, the Central Bank of the Republic of Turkey (CBRT)'s June Price Developments Report reported a decline in inflation in the services and food groups. So, when will the CBRT announce its interest rate …
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