Monetary Policy Board

Because of expectations that the U.S. Federal Reserves (Fed) will delay rate hikes and the European Central Bank will lower rates, an optimistic atmosphere is dominant in global markets. When small scale drops in the inflation rate are added to this, then we see that this atmosphere is also dominant in domestic markets.
 

The Central Bank?s April Monetary Policy Board meeting will be held today on April 22. The fluctuations in the foreign exchange (forex) rates are continuing but the Central Bank is not expected to increase rates to stop this. 

The Central Bank has shown signals of refocusing on price stability and hinted that it foresees that Turkish economic growth will lose momentum in the second half of the year, bankers and economists said after a meeting with Bank authorities.

The Turkish Central Bank has kept its main policy interest rate the same, but trimmed its interest rate corridor’s upper band by 0.75 points, triggering a boost to the Turkish Lira.

This week, on one hand, markets will be monitoring the statements of authorities who affect global economy, and on the other hand, domestically, they will closely follow the Central Bank’s interest rate decision. The expectation in the markets is that despite all the negative circumstances, the Central Bank will continue lowering the interest rate.