Turkey: Economists Forecast Central Bank To Hold Rates

  17 August 2015    Read: 1207
Turkey: Economists Forecast Central Bank To Hold Rates
Turkey`s interest rates will probably remain unchanged after August 18 monetary policy committee meeting, economists say.
Economists are forecasting the Turkish Central Bank to hold interest rates at its next policy meeting.

The bank`s monetary policy committee is due to meet on Tuesday to decide about raising or lowering interest rates.

The forecast was made by a panel of 15 economists to Anadolu Agency on Monday in a financial survey.

On July 23, the bank had held key interest rates at the current levels.

The one-week repo rate -- the rate at which the Central Bank makes one-week loans to lenders -- is expected to remain at 7.5 percent.

The overnight lending rate -- the rate which determines the cost of overnight loans to banks -- is expected at 10.75 percent and the overnight borrowing rate at 7.25 percent.

Turkey`s central bank has left all key rates on hold in its latest monetary policy meeting.

On July 23 the bank said that future monetary policy decisions would be conditional on improvements in the inflation outlook which fell to 6.81 percent in July from 7.2 percent in June according to the Turkish Statistical Institute. - Ankara

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