Economists expect no change in interest rates in Turkey Economists expect no change in interest rates in Turkey

[…] Turkey Majority of economists forecast no change in one-week repo rate this week, standing at 24% News Service 16:31 June 10, 2019 AA File photo Photograph: Erhan Elaldı The Central Bank of Turkey (CBRT) is expected to keep interest rates steady this week, according to an Anadolu Agency survey on Monday. On Wednesday, the Monetary Policy Committee (MPC) meeting will be held for the fourth time in 2019 to announce the bank’s decision about interest rates. Among 20 economists surveyed by Anadolu Agency, four economists expect a decline in interest rates, varying between 0.50 percentage points and 1.50 percentage points. In April, the CBRT kept its one-week repo rate also known as the bank’s policy rate constant at 24%. Including Wednesday’s meeting, the bank will hold five more MPC meetings this year. In 2018, the CBRT held nine MPC meetings, as interest rates climbed 8% to 24% over the course of the year.