All eyes on the Central Bank's interest rate decision

The Central Financial institution Financial Coverage Committee will meet below the chairmanship of Central Financial institution Governor Fatih Karahan. The ninth rate of interest choice of the yr will likely be introduced at 14:00.

The Central Financial institution final elevated the coverage price to 50 % in March. Then it left it unchanged for five months.

Economist Volkan Dükkancık mentioned that he thinks the Central Financial institution will preserve rates of interest fixed this month, including, “A major majority of the market is in settlement on this level.”

“We’re beginning to reap the fruits of our strict stance”Consultants are of the opinion that the results of the selections taken are beginning to be seen. Dükkancık additionally shares his evaluation with the next phrases:

“We’re slowly beginning to reap the fruits of this tight stance. We have now reached crucial ranges. Vital steps have been taken. I predict that the Central Financial institution will preserve its belongings for one more month or two to see the outcomes of those.”

So, what messages are anticipated to be included within the choice textual content?

Economist Dükkancık mentioned, “I believe the message that they may proceed their tight stance with dedication will come and the actual change will come on the October assembly.”