Turkish Central Bank may raise interest rate this Thursday

According to the Turkish media, the Central Bank of Türkiye may raise the interest rate by 1.5-2% at the next meeting. 

The meeting of the Central Bank will be held this Thursday. Some market participants assume that the discount rate will increase by 5% and thus rise to 20%.

Previous rate increase
The Central Bank of Türkiye announced the discount rate increase from 8.5% to 15% in June. This was the first rate hike in 27 months.