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In January, Turkey's central bank lowered its key interest rate from 47.5 percent to 45 percent. The regulator's previous chief economist, Hakan Kara, stated earlier that it will lower the rate at its March meeting, regardless of the inflation data for January and February.
“We anticipate the 250 basis point rate reduction to persist in March. We anticipate that the interest rate will arrive at 38.5 percent during the first half of the year. ” According to the economist, as quoted by Turkish economic daily Dünya, they anticipate a rate of 32.5 percent by the year's end.
The Deutsche Bank economist maintained his year-end inflation prediction for Turkey at 28 percent.
At the end of December 2024, Turkey's central bank lowered its key rate to 47.5 percent from 50 percent, marking the first decrease in nearly two years. The last reduction occurred in February 2023.
source: reuters.com
“We anticipate the 250 basis point rate reduction to persist in March. We anticipate that the interest rate will arrive at 38.5 percent during the first half of the year. ” According to the economist, as quoted by Turkish economic daily Dünya, they anticipate a rate of 32.5 percent by the year's end.
The Deutsche Bank economist maintained his year-end inflation prediction for Turkey at 28 percent.
At the end of December 2024, Turkey's central bank lowered its key rate to 47.5 percent from 50 percent, marking the first decrease in nearly two years. The last reduction occurred in February 2023.
source: reuters.com
