Central Bank of Turkey’s Interest Rate Decision: 37% Unchanged, Economists Confirm Expectations

The Turkish Central Bank’s decision to keep the interest rate at the expected 37% did not create a major surprise in the markets. The lira is trading above its 20‑ and 50‑day moving averages, indicating a slight upward pressure in the short term. However, the RSI and MACD indicators are almost neutral, suggesting that a sudden move is unlikely. The confirmation of economists’ expectations supports the markets’ ability to maintain current levels. Consequently, the probability of a significant directional change in USDTRY within 1–3 days is low, and mild stability is expected.

TCMB’s interest rate decision remaining at the expected 37% could send a short‑term positive signal to the banking sector, as fixed rates keep borrowing costs stable. However, AKBNK’s price is below its 20‑ and 50‑day moving averages and the MACD is negative, indicating a slight downward pressure from technical indicators. Consequently, the news impact may be limited in the short term, with price expected to fluctuate around current levels. Investors are advised to monitor the bank’s profitability reports and credit‑growth data. Overall, the market reaction is expected to be neutral.