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Eyes on the Central Bank’s interest rate decision

The markets will be closely watching the Central Bank’s interest rate decision this week. Economists are expecting the CBRT to keep its policy rate constant. Last week, domestic markets saw a sideways trend, with the BIST 100 index on the Istanbul Stock Exchange closing the week almost unchanged at 9,381 points. In the new week, all eyes will be on the interest rate decision. The balance of payments and the interest rate decision of the Central Bank of the Republic of Turkey will be closely monitored. Economists expect the Central Bank of the Republic of Turkey to keep its policy rate unchanged at 42.5% in April. The median expectation for the end-of-year policy rate among economists is 34.50%. Economists estimate a $4.325 billion deficit in the current account in February, projecting it to reach $21.97 billion in 2025. Additionally, the USD/TL closed Friday at 37.8690 with a 0.3% weekly decline. On Monday, the balance of payments will be announced, followed by the budget balance on Tuesday, housing sales statistics on Wednesday, the Central Bank’s interest rate decision and housing price index on Thursday, and short-term external debt statistics on Friday.

Eyes on the Central Bank’s interest rate decision

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