CBRT Holds Policy Rate Steady: What Do Experts Forecast for Year-End?

The Central Bank of the Republic of Turkey (CBRT) kept its policy rate unchanged at 37%. This decision came in line with market expectations. Experts indicate that if global energy prices improve in the remainder of the year, the Central Bank may find room for a limited rate cut. A decline in energy costs could ease pressure on inflation and allow for monetary policy easing. However, experts emphasize that developments in energy prices must be closely monitored for a rate cut. The CBRT's maintenance of its current stance is seen as a cautious approach in the fight against inflation. Not investment advice.

📊 USDTRY — Piyasa Yorumu

■ neutral · 60%

The Central Bank of the Republic of Turkey's decision to keep the policy rate unchanged is in line with market expectations, and thus is likely to have a limited impact on USDTRY. Technical indicators point to a sideways trend: RSI is around 54 in neutral territory, MACD is slightly above the signal line, and the price is just above the 20-day and 50-day simple moving averages. The exchange rate has changed only 0.04% in the last 24 hours, confirming low volatility. Expert comments following the news may create additional volatility in the short term, but a clear directional signal is weak. Therefore, I expect a neutral outlook for the 1-3 day view.

RSI 14

54.4

MACD

0.00

24h Δ

0.04%

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