Central bank set to meet for rate decision
The Turkish Central Bank’s Monetary Policy Committee is set to meet this week to decide on the key interest rate.
Most analysts expect the MPC to keep the policy rate, the one-week repo rate, unchanged at 37 percent at its meeting scheduled for June 11.
The MPC meeting comes days after the official data showed that Türkiye’s annual inflation rate edged up from 32.4 percent in April to 32.6 percent in May with consumer prices advancing 1.7 percent month-on-month.
From May 2023 to March 2025, the Central Bank raised its policy rate from 8.5 percent to 50 percent before holding it steady until December 2024, when it cut rates by 250 basis points to 47.5 percent.
