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.
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