#Forex Haberleri

Eyes on the second interest rate decision of the year

The Central Bank will announce the second interest rate decision of the year tomorrow. Following inflation, it is expected that the CBRT will continue its interest rate cut cycle. Here are the things to know before the interest rate decision…Following positive signals from inflation, all eyes are now on the interest rate decision. The Central Bank will announce the second interest rate decision of the year on Thursday, February 6, at 14:00.Economists noted that the CBRT’s hand was eased after the inflation data came in below expectations. It is expected that the CBRT’s policy rate will be reduced by 250 basis points to 42.5 percent. End-of-year policy rate expectations have settled around 30 percent.While a interest rate cut is almost certain, economists emphasized the importance of paying attention to the messages of the Central Bank. Whether there will be any changes in the Monetary Policy Text will be monitored. The Central Bank began its interest rate cut cycle in December. The CBRT had reduced the interest rate by 500 basis points in the following two meetings, lowering it from 50 percent to 45 percent.Turkey’s inflation came in below expectations in February with a monthly rate of 2.27 percent. It was expected that inflation would be around 3 percent on a monthly basis. The annual inflation rate dropped to 39.05 percent. Thus, inflation fell below the 40 percent level after 20 months.

Eyes on the second interest rate decision of the year

Reduction Expected in Gasoline Prices

Eyes on the second interest rate decision of the year

Gold Prices near Record Highs

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