8,643.88 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
45.07 TRY Interest Interest
75.11 USD Fossil Oil Fossil Oil
32.50 USD Silver Silver
4.45 USD Copper Copper
102.15 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,026.19 TRY Gold (gr) Gold (gr)

Moody's announces interest rate forecast for TCMB

It was stated in the report published by the credit rating agency Moody's that the Central Bank is expected to reduce the policy rate to 25-30 percent by approaching the deposit rates.

Moody's announces interest rate forecast for TCMB

Credit rating agency Moody's stated in its report dated June 20 that they expect the Central Bank of the Republic of Turkey (TCMB) to lower the policy rate to a level close to the deposit rate.

The agency stated that if the expected change in economic policies takes place in Turkey, it will be positive in terms of credit rating and announced that it expects the policy rate to approach the deposit rates.

In the report published by the credit rating agency, "If followed, the transition to an orthodox, rules-based and predictable policy would indisputably be positive for the credit rating."

Moody's, in its report, stated that they expect the policy rate to approach the TL deposit rates, which are around 25-30 percent depending on the maturity, and evaluated that additional interest rate increases will be needed to tighten the monetary policy effectively and at the same time to emphasize that the TCMB is determined to fight the inflation.

The agency also touched upon the macroprudential measures implemented in the last year and said that most of the measures, especially those that have the greatest impact on the profitability of the banking sector, are expected to be lifted gradually.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Saudi Arabia expands mining sector with 28 new licenses

Tuesday, November 5, 2024

India’s steel production increases, exports and imports remain imbalanced

Tuesday, November 5, 2024

Appointment from Dealer Holding! Mehmet Fatih Gökçe became CSO

Tuesday, November 5, 2024

China's steel demand expected to increase: PMI data support production

Tuesday, November 5, 2024

Saarstahl Rail awarded as “2024 sustainability champion”

Tuesday, November 5, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now