Foreign Economists Expect Hike In Turkey Policy Rate
Turkish Central Bank to increase policy rate by 100 basis points, foreign economists forecast. Foreign economists on Wednesday predicted the Turkish Central Bank (CBRT) this week will hike the benchmark policy rate by 100 basis points.
The bank s Monetary Policy Committee (MPC) is set to meet Thursday to announce a decision on interest rates. It is important that the CBRT sends yet another strong signal that it remains fully committed to support the lira in order to keep inflation on track to start falling in the second half of the year, Piotr Matys, a strategist at Dutch-based Rabobank, told Anadolu Agency.
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