News 12 june — 17:00

Turkish Central Bank expected to keep rates on hold

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Turkey’s Central Bank is expected to keep interest rates steady this week, according to a state-run Anadolu Agency survey released on June 10, Dailynews reports. 

The Monetary Policy Committee (MPC) is set to meet today for the fourth time in 2019 to announce the bank’s decision about interest rates.

Among 20 economists surveyed by Anadolu Agency, four economists expect a decline in interest rates, varying between 0.50 percentage points and 1.50 percentage points.

In April, the Central Bank kept its one-week repo rate - also known as the bank’s policy rate- constant at 24 percent.

Including today’s meeting, the bank will hold five more MPC meetings this year.

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