The Central Bank of the Republic of Turkey held the first Monetary Policy Committee (MPC) meeting of 2025 in January. According to the decision, the one-week repo auction interest rate was reduced by 250 basis points to 45.00%. Markets are following the CBRT’s schedule for the March interest rate decision. Throughout 2025, the Central Bank will hold 8 meetings to announce its interest rate decision. The Central Bank will share the second interest rate decision in March with the markets. The interest rate was announced as 45.00% in the decision announced in January. According to the CBRT MPC meeting schedule, the last meeting of the year will be held on December 11th. According to the February survey of the Central Bank, the one-week repo auction interest rate expectation for three months ahead is 40.00%. According to the CBRT Monetary Policy Committee meeting schedule, the second interest rate decision of the year will be shared with the markets on March 6th at 2:00 pm after the meeting. According to the February survey of the CBRT, the end-of-year consumer inflation (CPI) expectation was 27.05% in the previous survey period, but in this survey period, it was 28.30%. The 12-month ahead CPI expectation was 25.38% in the previous survey period, but in this survey period, it was 25.26%. According to the February 2025 survey period, participants predict that according to the probability estimates for 12 months ahead, the CPI will increase by an average of 22.80% with a probability of 21.00-23.99 range, 41.11% probability with 24.00-26.99 range, and a 21.46% probability with 27.00-29.99 range. The participants’ end-of-month overnight interest rate expectation was 45.00% in the previous survey period, but in this survey period, it was 44.79%.March 6, 2025April 17, 2025June 19, 2025July 24, 2025September 11, 2025October 23, 2025December 11, 2025