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Eyes on the second interest rate decision of the year

The Central Bank will announce the year’s second interest rate decision tomorrow. Following inflation, it is expected that the CBRT will continue its interest rate cut cycle. Here are the things to know before the interest rate decision…After positive signals from inflation, all eyes are on the interest rate decision. The Central Bank will announce the year’s second interest rate decision on Thursday, February 6, at 14:00. Economists stated that the CBRT’s hand has eased after the inflation data came below expectations. It is expected that the CBRT’s policy rate will be reduced by 250 basis points to 42.5 percent. Year-end policy rate expectations have settled at 30 percent. While the interest rate cut is certain, economists emphasized the importance of paying attention to the messages of the Central Bank. It will be monitored whether there will be any changes in the Monetary Policy Text at this point. The Central Bank had started its interest rate cut cycle in December. The CBRT had lowered the interest rate by 500 basis points in the following two meetings, reducing it from 50 percent to 45 percent. Turkey’s inflation came below expectations in February with a monthly rate of 2.27 percent. Monthly inflation was expected to be around 3 percent. Annual inflation fell to 39.05 percent. Therefore, inflation fell below the 40 percent level for the first time in 20 months.

Eyes on the second interest rate decision of the year

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