Amid ongoing impacts of global tariff disputes, focus domestically has shifted to the Central Bank’s interest rate decision.

The Central Bank of the Republic of Turkey’s Monetary Policy Committee (MPC) will convene today under the leadership of Central Bank President Fatih Karahan. The Central Bank’s policy rate decision will be announced at 14:00. In the MPC meeting in March, the Central Bank reduced the policy rate by 250 basis points from 45% to 42.5%. Economists participating in Anadolu Agency Finance’s expectation surveys anticipate that the Central Bank of the Republic of Turkey will keep its policy rate unchanged at 42.5% in April.

The median of economists’ year-end policy rate expectations is 34.50%. Economists estimate a current account deficit of 4 billion 325 million dollars for February, with projections that the deficit will reach 21 billion 970 million dollars in 2025.