It Is Projected That The CBRT Will Not Change Interest Rates

It is projected that the CBRT will not change interest rates. Economists think tightening steps will pause at the first meeting of the year. MPC meeting of the Central Bank of the Republic of Turkey (CBRT), which will take place on Thursday, January 21, is expected to result in an unchanged interest rate. It is thought that the tightening policy that started since the new CBRT President Naci Ağbal took office will pause at the first meeting in January. In the survey conducted by the Bloomberg HT Research Unit with the participation of 22 institutions, the median expectation was that the policy rate would not be changed at the meeting on January 21st. In the survey, 3 institutions estimated that the policy rate would be increased by 50 basis points to 17.5 percent, and 5 institutions by 100 basis points increase to 18 percent.   Since Ağbal Arrived, Interest Rate Increased by 6.75 Points Naci Ağbal, who took office in November, raised the policy rate by 4.75 points in the first meeting and by 2 points in the second meeting and raised it to 17 percent. Repeating the price stability in every speech, Ağbal used the following statements in his presentation at the GNAT Plan and Budget Committee: “The positive relationship between stable and rapid growth with price stability stems from the improvement of business and investment environment by ensuring predictability in the economy. Price stability constitutes the most important measure of economic stability and long-term prosperity. Central banks make the greatest contribution to social welfare increase by providing price stability. CBRT will decisively implement the inflation targeting regime. Monetary policy decisions will be taken with the priority of price stability.”       This article has contributions of Bloomberg HT.