Türkiye’s central bank is gearing up for its inaugural Monetary Policy Committee meeting of the year, scheduled for Thursday, with a primary focus on the interest rate. The central bank, amid widespread expectations, appears poised to sustain its tightening policy initiated in June. This strategy saw a substantial surge in interest rates, climbing from 8.5% to 42.5% by the close of 2023. Anticipations now point towards an additional 250 basis points increase, pushing the rate to 45% this week.
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