Market news
20.01.2022, 05:28

CBRT to hold policy rate at 14%, halt its easing cycle on Thursday – Reuters poll

Turkey's central bank (CBRT) is seen halting its easing cycle this Thursday by keeping the policy rate unchanged at 14%, a Reuters survey of 16 economists revealed.

The central bank is due to announce its rate decision at 1100 GMT later on Thursday.

Key findings

“The bank would halt easing on Thursday of next week, keeping its one-week repo rate unchanged. One economist predicted a 50 basis-point cut to 13.5%.”

“Based on eight predictions, the poll's median rate at year-end was 14.00%, with estimates ranging from 9.00% to 14.75%.”

  • CBRT Preview: USD/TRY poised to run at the slightest sign

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