When Will The Central Bank Announce Its Interest Rate Decision?

When will the Central Bank announce its interest rate decision? When will the CBRT Monetary Policy Committee (MPC) meeting be held?

While investors focused on the data to be monitored next week, the most important concern was the interest rate decision of the Central Bank of the Republic of Turkey (CBRT). The Central Bank of the Republic of Turkey (CBRT) will announce its interest rate decision right after the Monetary Policy Committee meeting on Thursday, February 18. The main opinion is that the policy interest rate, which is currently 17 percent, will not be increased at this meeting and will remain constant. In addition to the bank decision, an intense data agenda awaits domestic markets. The financial results of the companies will be monitored throughout the week along with the budget balance and housing sales on Monday, the housing price index on Tuesday, the consumer confidence index on Thursday and the credit rating report of the international credit rating agency Fitch on Friday.   What Data Disclosed During the Week? Turishy Statistical Institute (TURKSTAT) has announced the industrial production data. According to the data announced by TURKSTAT, industrial production that was not based on the calendar effect in December last year increased by 9 percent compared to the same month of 2019. The industrial production index, which is not adjusted for the calendar effect, increased by 12.1 percent on an annual basis. According to the Central Bank of the Republic of Turkey (CBRT) data, the current account had a deficit of 3 billion 210 million dollars in December last year. Accordingly, the current account deficit in 2020 came at the level of 36 billion 724 million dollars. The unemployment rate rose to 12.9 percent in November. Along with these developments, the USD/TL rate, which saw the lowest level of the last 6 months with 7.0088 during the week, closed at 7.0289 with a decrease of 0.4 percent on a weekly basis after falling for the fourth week in a row.