Monetary Policy Committee

The consumer confidence index declined by 6.5 percent month-on-month to 85.1 in June, after improving in the two previous months, data have shown.

Any index figure above the 100-mark indicates optimism among consumers.

All main sub-indices in the consumer tendency survey, carried out jointly by the Central Bank and the Turkish Statistical Institute (TÜİK), fell in June.

All eyes will be on the Central Bank this week when the Monetary Policy Committee (MPC) is set to meet on June 22 to decide about the policy rate.

Hafize Gaye Erkan, a finance executive in the United States, has become the first-ever woman to head Türkiye's Central Bank after President Recep Tayyip Erdoğan appointed her as the institution's governor on June 9.

The Turkish Statistical Institute (TÜİK) will release the economic growth data for the first quarter on May 31.

The Turkish economy grew 5.6 percent last year with its GDP expanding 3.5 percent in the final quarter of 2022 from a year earlier.

As widely expected, Türkiye's Central Bank has once again kept its policy rate - one-week repo auction rate- constant at 8.5 percent. 

The Central Bank's Monetary Policy Committee (MPC) will meet for the fifth time this year on May 25 to decide about the key interest rate.

Analysts expect the monetary authority to keep its policy rate - one-week repo auction rate - unchanged at 8.5 percent as it did last month.

The Turkish Central Bank on April 27 held its interest rate at 8.5 percent in its Monetary Policy Committee's (MPC)  meeting.

Members of the Central Bank's Monetary Policy Committee (MPC) will meet this week to decide on the key interest rates, as the decision is due on April 27.

Last month, the bank kept the policy rate (one-week repo auction rate) unchanged at 8.5 percent.

Türkiye's Central Bank on March 23 kept its key policy rate unchanged after lowering it in February.

The bank kept its policy rate stable at 8.5 percent after cutting it by 50 basis points in February in order to support economic activity in the aftermath of the earthquakes that hit the south of the country.

The Turkish Central Bank on Jan. 19 held its policy rate at 9 percent for s second month in its Monetary Policy Committee's (MPC) first meeting of the year.

The bank has reduced interest rates by 500 basis points from August to November.