Will the ‘Central’ slow down the increase in interest rates? Here are the interest rate expectations of local and foreign economists

Investors continue to wait anxiously for the interest rate decision of the Central Bank of the Republic of Turkey (CBRT). CBRT will announce its interest rate decision on Thursday, November 23 at 14:00. CBRT in June 650in july 250in august 750 basis points, September And in October With hawkish moves in five meetings, 500 each total 2,650 basis points had increased interest rates.

Foreign institutions predicted that the Central Bank of the Republic of Turkey (CBRT) would slow down the pace in the tightening cycle in November.

HERE ARE THE INTEREST EXPECTATIONS:

Societe Generale (SocGen) analysts shared their expectation that the policy rate will increase by 250 basis points to 37.50 percent at the CBRT’s November meeting. In a similar move, SocGen predicted in December that the policy rate would be increased to 40 percent by the end of the year.

US bank Morgan Stanley The CBRT aims to increase the interest rate from 35 percent to 37.5 percent by increasing the interest rate by 250 basis points.

The note included the evaluations: “Given the policy preference for a moderate adjustment in growth and the delays in monetary transmission, the CBRT is likely to reduce the rate of increase and evaluate the impact of cumulative tightening steps on economic activity and inflation.”

Netherlands-based banking giant ING Bank Economists also predicted that the CBRT would slow down its interest rate hikes and increase it by 250 basis points.

ReutersWhile 21 economists participating in the survey expect an increase in the policy rate at 35 percent, estimates are in the range of 37.5 percent to 40 percent. According to the survey, 16 economists expect a 250 basis point increase in the policy rate, three economists expect a 500 basis point increase, one economist expects a 350 basis point increase and one economist expects a 300 basis point increase.

BloombergHT The expectation of the institutions participating in the survey is that the policy rate will be increased to 37.50 percent in November.

AA FinanceEconomists participating in ‘s expectations survey estimate that the one-week repo auction interest rate (policy rate) will be increased by 250 basis points to 37.50 percent.