The Central Bank of the Republic of Turkey (CBRT) announced its interest rate decision for April. The CBRT, which will hold 8 Monetary Policy Committee meetings this year instead of 12, previously announced the first interest rate decision of the year in January, reducing the rate by 250 basis points to 45 percent. In March, the CBRT announced its second interest rate decision, further cutting the rate by 250 basis points to 42.5 percent. Investors were curious whether the Central Bank would make a third interest rate cut this year. So, what was the Central Bank’s interest rate decision for April, percentage-wise? Did the Central Bank lower the interest rate?The April Central Bank Monetary Policy Committee (MPC) interest rate decision was eagerly awaited by those closely following economic news. The critical interest rate decision was announced. Prior to the Central Bank’s interest rate decision, which directly impacts investments in the dollar, gold, stock market, and deposit interest, economists had predicted that the interest rates would remain unchanged. So, what was the Central Bank’s interest rate decision for April, percentage-wise? Did they implement an interest rate cut?The Central Bank of the Republic of Turkey Monetary Policy Committee has announced the much-anticipated April 2025 interest rate decision. The Monetary Policy Committee of the Central Bank of the Republic of Turkey has increased the policy rate, namely the one-week repo auction interest rate, by 350 basis points to 46 percent.AA Finans conducted a expectations survey for the Monetary Policy Committee (MPC) meeting to be held by TCMB on Thursday, April 17th, with the participation of 21 economists.While 19 of the economists participating in the expectations survey predicted that the policy rate would remain unchanged, 2 of them forecasted a 350 basis point increase. The median expectations of economists for the April MPC decision were that the interest rate would remain steady at 42.50 percent.The median expectations of economists for the end-of-year policy rate were 34.50 percent.The policy rate was reduced by 250 basis points, from 45 percent to 42.5 percent, in the MPC meeting held in March.In the interim meeting held by the TCMB last month, the rate was kept at 42.5 percent, while the overnight borrowing rate was raised to 46 percent.