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All eyes are on the Central Bank of the Republic of Turkey (CBRT) as it prepares to announce its fourth interest rate decision of the year on Thursday, April 25th.
The Monetary Policy Committee, led by Governor Fatih Karahan, will convene this week to discuss rates. The bank had previously raised the policy rate to 50% at its last meeting.
Economists currently predict the committee will hold the rate steady at 50%. This decision comes amidst a backdrop of rising exchange rates, with survey participants revising their year-end USD/TL forecast upwards to 40.53 TL, compared to 40.02 TL in the previous survey. (ILKHA)
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Türkiye's Consumer Price Index (CPI) surged 69.8% year-on-year in April 2024, according to the Turkish Statistical Institute.
Türkiye's raw milk production saw a marginal decline in 2023, according to the Turkish Statistical Institute (TurkStat).
The Turkish Statistical Institute released positive news for the country's tourism industry, highlighting a surge in revenue and visitor arrivals in the first quarter of 2024.
Türkiye's foreign trade statistics for March 2024 revealed a mixed performance, with both exports and imports experiencing declines compared to the same month last year.
