CBRT Survey: Third Meeting Interest Rate Expectation Falls to 35.73%

The Central Bank of the Republic of Turkey (CBRT) released its Market Participants Survey, revealing the policy rate expectation for the third meeting. According to the survey, participants' expectation for the CBRT policy rate at the third meeting stood at 35.73%. This rate was recorded at 36.34% in the previous survey period. The expectation reflects market players' forecasts that the Central Bank may cut interest rates in the upcoming period. The survey results are significant as they include economists' and financial institutions' predictions regarding the CBRT's monetary policy steps. This decline in market participants' interest rate expectations can be interpreted as a result of assessments on the inflation outlook and economic activity. However, the final decision will be made at the CBRT Monetary Policy Committee meeting, and there may be a divergence between market expectations and actual outcomes. This is not investment advice.

📊 GOOGL — Piyasa Yorumu

▼ down · 65%

GOOGL shares fell 3.14% in the last close, with the RSI dropping to 33, approaching oversold territory. The MACD remains below the signal line and in negative territory, indicating weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, technically confirming a bearish trend. While a decline in TCMB interest rate expectations could boost risk appetite for emerging markets, the direct impact on US tech stocks like GOOGL may be limited. Although the downtrend is likely to continue in the short term, some buying interest may emerge due to the oversold conditions.

RSI 14

33.1

MACD

-4.61

24h Δ

-3.14%

📊 USDTRY — Piyasa Yorumu

▲ up · 60%

The USDTRY pair continues its short-term upward trend. The RSI is in buying territory at 58, and the MACD is positively positioned above its signal line. The price is trading above both the 20-day and 50-day moving averages. The decline in interest rate expectations in the news could weaken confidence in the Turkish lira and increase demand for foreign currency. However, given the limited upward momentum, it is advisable not to be overly aggressive.

RSI 14

58.0

MACD

0.02

24h Δ

0.05%

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