With the effects of tariff disputes still lingering in global markets, attention in the domestic market has shifted to the Central Bank’s interest rate decision.

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) will convene today under the chairmanship of Central Bank President Fatih Karahan. The policy interest rate decision of the Central Bank will be announced at 14:00. In the March MPC meeting, the Central Bank cut the policy rate by 250 basis points to 42.5% from 45%. Economists participating in Anadolu Agency Finance expectation surveys expect the Central Bank of the Republic of Turkey to keep the policy rate unchanged at 42.5% in April.

The median of economists’ year-end policy rate expectations is also 34.50%. Economists estimate that the current account deficit was $4.325 billion in February, with the current account deficit expected to reach $21.970 billion in 2025.