Central Bank will announce its interest rate decision

All eyes in the markets are on the Central Bank's interest rate decision this week. The Monetary Policy Committee will announce its fifth interest rate decision of the year today. The messages in the decision text will be closely monitored and will shed light on future monetary policy expectations.

All eyes are on the Central Bank for the 5th interest rate decision of the year. The Monetary Policy Committee will meet today under the chairmanship of Fatih Karahan. Monetary policy decisions and interest rates will be determined.

The bank did not change the policy rate in the previous meeting. It left the one-week repo rate constant at 37 percent. Economist Tonguç Erbaş made the following evaluations: "I do not think there will be any policy change in interest rates or a decision such as a transition from overnight to weekly funding.

"Only a more optimistic inflation expectation will be expressed in the text that will be different from the previous meeting, indicating that demand is decreasing, credit growth is slowing down and that the path is expected to be downward in the coming days. In addition to the interest rate decision, the messages to be included in the decision text are also important for the markets. It is a matter of curiosity how the geopolitical developments will resonate in the text.

The headlines regarding inflation developments will also be closely monitored. The messages in the decision text have a signal effect in terms of the monetary policy framework for the next period.