Focus on the Central Bank’s interest rate decision

This week, the market will closely monitor the Central Bank’s interest rate decision. Economists expect the CBRT to keep its policy rate unchanged. Last week, the domestic market showed a flat trend. The BIST 100 index on the Istanbul Stock Exchange closed the week with a 0.01% gain, reaching 9,381 points. In the new week, all eyes will be on the interest rate decision. The balance of payments and the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) will be closely watched. Economists expect the CBRT to keep its policy rate unchanged at 42.5% in April. The median expectation for the end-of-year policy rate among economists is 34.50%. Economists estimate that the current account deficit was $4.325 billion in February and predict that it will reach $21.97 billion in 2025. Additionally, the USD/TRY closed Friday at 37.8690, marking a 0.3% weekly decline. Monday will reveal the balance of payments, Tuesday the budget balance, Wednesday the housing sales statistics, Thursday the CBRT’s interest rate decision and housing price index, and Friday the short-term external debt statistics.