All eyes on the Central Bank's interest rate decision! Will the discount cycle continue? Economists' flash forecast
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Economists participating in AA Finans' expectations survey expect the Central Bank of the Republic of Turkey (CBRT) to cut the policy rate by 100 basis points to 39.50 percent in October.
WHAT ARE ECONOMISTS' EXPECTATIONS? AA Finans's expectations survey for the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee ( MPC ) meeting to be held on Thursday, October 23rd, resulted in the participation of 22 economists.
Economists expect the Central Bank to cut interest rates by 100 basis points. (A News archive) Economists' median expectations for the Monetary Policy Committee's decision in October were for the policy rate to be cut by 100 basis points to 39.50 percent.
Policy rate expectations of economists participating in the survey ranged from 39 percent to 40.50 percent.
The Central Bank cut interest rates by 250 basis points at its last meeting. (A News archive)
INTEREST RATES WERE REDUCED BY 250 BASIS POINTS AT THE LAST MEETING
Economists' median year-end policy rate expectations were 37.5%. At last month's Monetary Policy Committee meeting, the policy rate was cut by 250 basis points to 40.50%.EXPERT NAME ASSESSED THE INTEREST DECISIONS ON A PARA Marbaş Securities Sales Director Aykut Uğur Ata, who participated in the A Para live broadcast, made evaluations regarding the interest rate decision to be made by the Central Bank . Ata said, "The market's median expectation for a 100 basis point cut has initially been in our view. With inflation data exceeding expectations in September, the market expected it to remain stable here, and then we experienced a rapid decline down to 10,000 over the past two weeks. Then, we managed to hold on to 10,000, both psychologically and with our 200-day simple moving average crossing the 10,300 level. Looking at the market right now, I can say that the reaction we received to 10,000 on Monday has priced in a 100 to 150 basis point cut. I can also say that yesterday, Tuesday and Wednesday, the markets remained flat, lacking volume and remaining flat, a bit like we were waiting for these two critical days of Thursday and Friday."
ahaber
