Bloomberg HT’s interest rate survey announced

The survey of the Bloomberg HT Research Unit on the CBRT’s interest rate decision in July has been concluded.

The median expectation of 21 institutions participating in the survey was that the interest rate would increase by 500 basis points to 20 percent in July.

In the interest rate survey of July; The maximum expectation was 21.5 percent and the minimum expectation was 17.5 percent.

In the survey, the median expectation for the end of 2023 was 25 percent. In the June survey, the median expectation for the end of 2023 was 30 percent.

The interest rate decision will be announced on Thursday, July 20.

In the first meeting under the management of Hafize Gaye Erkan, the CBRT raised the policy rate from 8.50 percent to 15 percent, while signaling a gradual transition in monetary policy.