Turn on more accessible mode
Turn off more accessible mode
Home
|
Media Center
|
Careers
Personal
Accounts
Loans
eBanking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
Tutorials
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Our Strategy
Financials
Overview
Quarterly Reports 2010
Annual Report 2009
Annual Report 2008
Annual Report 2007
Annual Report 2006
Annual Report 2005
Annual Report 2004
Annual Report 2003
Annual Report 2001
Previous Quarter Results
Pillar Disclosures
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Internet Banking
Retail login
Help
|
Alert
What do you want to do?
Select here
Access Retail Internet Banking
Home
Investor Relations
Financial News
FinancialNews
21-05-23
Türkiye's Central Bank Likely to Maintain Interest Rates in Upcoming Meeting
(MENAFN) According to a survey conducted by Anadolu on Friday, Türkiye's Central Bank is expected to keep its interest rates unchanged in the upcoming week. The bank's Monetary Policy Committee is scheduled to convene on May 25th, during which it will announce its decision regarding interest rates.
The Anadolu survey, which involved gathering opinions from 19 economists, revealed unanimous consensus that there would be no alteration in the bank's policy interest rate, which currently stands at 8.5 percent. These findings suggest that the economists do not anticipate any adjustments to Türkiye's monetary policy framework in the immediate future.
The decision to maintain the current interest rates aligns with the Central Bank's ongoing efforts to strike a balance between stimulating economic growth and managing inflationary pressures. By keeping interest rates steady, the bank aims to provide stability and continuity in the country's monetary policies, thereby contributing to sustained economic performance.
This expected outcome reflects the Central Bank's cautious approach, considering the prevailing economic conditions and the need to carefully manage the country's monetary stance. Factors such as inflation rates, currency stability, and economic indicators are likely to have influenced the economists' predictions, leading to the consensus of no changes in the interest rates.
The anticipated decision by Türkiye's Central Bank to hold interest rates constant signals a commitment to maintaining stability and fostering an environment conducive to sustainable economic growth. As the bank convenes for its upcoming Monetary Policy Committee meeting, the nation awaits the official announcement, which will shed further light on the bank's assessment of the economic landscape and its strategic approach to monetary policy.
MENAFN21052023000045014228ID1106282712
View complete sitemap
Personal
Accounts
Loans
Mortgage
eBanking
ATM
Internet Banking
SMS Banking
NRI Business
Other Services
Corporate
Corporate Banking
International Banking
Syndicated Loans
Trade Finance
Long Term Finance
Working Capital Facilities
SMEs Facility Application – Law (2) – 2021
Investor Relations
Our Strategy
Financials
LCR Reports
Financial News
BBK News
Local & Global Market
Shareholder's Queries
Customer Service
Branch Timing
Request for Support
Security Center
FAQ
BBK tariffs
Tutorials
Customer Protection
Contact Us
About Us
About Us
BBK Network
Subsidiaries
Board of Directors
Executive Management
Divisions
Corporate Governance
Follow us