Turkish Central Bank Expected to Hold Policy Rate at 46% Ahead of June 19 Decision

A majority of economists surveyed by Anadolu Agency predict that the Central Bank of the Republic of Türkiye (CBRT) will keep its benchmark interest rate steady at 46% during its upcoming Monetary Policy Committee (MPC) meeting scheduled for Thursday, June 19.

Out of 23 economists polled, 19 analysts expect no change in the policy rate, while the remaining foresee a possible rate hike between 100 and 350 basis points. The policy rate currently stands at 46%, following a rate hike from 42.5% to 46% in April, part of the central bank’s continued effort to anchor inflation and stabilize the lira.

The survey also revealed that the average year-end policy rate forecast among economists is 35.5%, indicating expectations of gradual easing toward the end of the year, provided inflation continues to moderate.

The CBRT’s upcoming decision will be closely watched by markets, investors, and analysts, as it reflects the central bank’s evolving stance on monetary tightening amid stubborn inflation and high borrowing costs.