Economists expect TCMB to cut rate by 100 basis points

Nineteen of 20 economists surveyed by AA Finans expect the Central Bank of the Republic of Türkiye (TCMB) to cut its policy rate by 100 basis points at its October meeting. One economist expects a larger cut of 200 basis points.

The survey was conducted ahead of the Monetary Policy Committee (PPK) meeting scheduled for Thursday 22 October. The TCMB held its policy rate unchanged at 37% at the September meeting.

Median forecasts

The median expectation is a policy rate of 36% after the October decision. Economists also expect the rate to be at 35% by year-end.

Related: Fed lifts key interest rate by 25 basis points · Fed lifts rate by 25 basis points as path shifts

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Source: Central Bank of the Republic of Türkiye · AA Finans