Central Bank Holds Policy Rate Steady at 37%

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee kept the policy rate, the one-week repo auction interest rate, unchanged at 37%. Thus, in line with market expectations, no change was made to the interest rate. In announcing the interest rate decision, the Committee decided to maintain the current monetary policy stance. The decision text stated that developments regarding inflation and financial stability were taken into account. Keeping the policy rate unchanged means that short-term interest rates will remain at their current level. This aims to increase predictability in the markets. The CBRT is expected to shape its monetary policy stance in the coming period based on the inflation outlook and macroeconomic data. Not investment advice.

📊 EURTRY — Piyasa Yorumu

■ neutral · 55%

The Central Bank's decision to keep the policy rate steady at 37% may have a limited impact, as it was in line with market expectations. Technical indicators point to a sideways trend: RSI is neutral around 50, MACD is slightly below the signal line, and the price is squeezed between SMA20 and SMA50. With the 24-hour change at only 0.22%, no clear direction may emerge in the short term. If there is no strong reaction in the TL towards appreciation or depreciation after the interest rate decision, EURTRY is expected to remain within its current range. Nevertheless, global risk appetite and upcoming data flow could determine the direction.

RSI 14

50.7

MACD

0.03

24h Δ

0.22%

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