What Do You Need to Know Before the CBRT's Interest Rate Decision

What Do You Need to Know Before the CBRT's Interest Rate Decision What do you need to know before the CBRT's interest rate decision? We have compiled the highlights. The Central Bank of the Republic of Turkey’s (CBRT) last MPC meeting will be held tomorrow. While the domestic markets are stable before the interest rate decision to be released from the meeting, the data agenda is mostly occupied by the developments in the USA. News came from US President Trump regarding the coronavirus support package, which has been causing uncertainty in the USA for a long time. President Donald Trump said he would not sign the $ 900 billion aid package. Stating that the package was full of unnecessary expenses, Trump stated that the amount given to citizens should be increased. Congress then quickly started working on the package. This situation did not cause an excessive movement in the markets. Today, the domestic data agenda is stable, futures transactions started the day horizontally.   Featured Highlights BIST 100 index in Borsa Istanbul, which closed with a record level yesterday, started today with an increase. At the time of writing, the BIST 100 index is trading at 1.416 levels. Before the CBRT's interest rate decision, the dollar started the day with a decrease. While the dollar / TL rate is at the level of 7.64 at these minutes, the Euro / TL rate stands at 9.33. In order to support economic activities adversely affected by the coronavirus epidemic, the discount rates in value added tax (VAT) rates are valid until the end of the year in many service branches were extended until May 31, 2021. The seismic research studies of the Oruç Reis ship in the Eastern Mediterranean were extended until 15 June 2021. The President's decision to extend the duration of short work allowance for workplaces where short work is applied due to the coronavirus (Covid-19) epidemic was published in the Official Gazette. The VAT rate for Covid-19 vaccines approved by the Ministry of Health was determined as 1%. The World Health Organization (WHO) requested a meeting with member countries tomorrow to discuss measures and measures to combat a new and more contagious mutation of Covid-19 emerging in the UK.   Company Announcements Hacı Ömer Sabancı Holding A.Ş. (IS: SAHOL) statement was as follows: “In our material event disclosure dated 09.12.2020, based on Borsa Istanbul's announcement dated 17.09.2020, part of the shares with a nominal value of 2.500.000,00 TL of CarrefourSA Carrefour (PA: CARR) Sabancı Ticaret Merkezi AŞ (CarrefourSA) in our Company portfolio was announced to the public and announced that it was decided to increase the actual free float rate of CarrefourSA shares to 5% by converting all or part of these shares to third parties in the secondary market and / or outside the stock market. The transformation process at the Central Registry Agency was completed as of 17.12.2020, and the sale of 23,619 CarrefourSA shares in the Borsa Istanbul with a price range of 80.00 TL to 83.00 TL was carried out by our Company on 22.12.2020. With this transaction, our Company's share in CarrefourSA's capital reached 59.00%. The portion with a nominal value of 2,398,231 TL of CarrefourSA shares with a total nominal value of 2,500,000 TL, which are planned to be sold as of December 22, 2020, is protected in our Company's portfolio.   Deniz Gayrimenkul Yatırım Ortaklığı A.Ş. (IS: DZGYO) statement was as follows: “In the portfolio of our company, located in Istanbul Province, Başakşehir District, Hoşdere Mahallesi, Dereköy Mevki, 265 island in the land registry, 6 parcel located in the main real estate, according to the attached real estate appraisal report dated 25.12.2019 Independent sections 4 and 5 in Block E were sold on 22.12.2020 for a price of 6.018.000 TL including VAT.”   What's Happening With Commodities? Ounce of gold started the day at $ 1,861. Starting the day with buyers, ounce is trading at $ 1,872 levels. Brent oil, which started the day at 49.82, began to decline from the $ 50 level it saw at the time of writing. Especially after the coronavirus mutation that occurred in England, the cessation of flights caused a decrease in prices with the concern that the global oil demand would decrease.       This article has contributions of Investing.com.