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The Central Bank (CBRT) has decided to maintain the repo auction interest rate of one week at a rate of interest of 17.75%.
According to the Reuters poll, economists estimate that the CBRT's share of CBRT's weekly inflation rate during the week of the CBRT repo futures rate on the median base of 100 to 125 points of based.
Balancing
In the PPK text, "the firm stance of monetary policy has been determined with some degree of stability until a clear improvement in the inflation outlook. has been reached, "he said. she will continue. Further monetary tightening could be carried out if necessary, monitoring inflation expectations, prices, delayed effects of monetary policy decisions, contributions to the adjustment process of fiscal and monetary policy. other factors influencing inflation. "
" and "the contribution of tax policy to the balancing process".
According to a survey conducted by Reuters with the participation of 16 institutions, while 15 institutions were expecting a rise in interest rates, one participant, the CBRT, said that "domestic demand is more moderate "in the July text. 17.75% of the key rate should keep the interest rate constant.
There was a decline in the stock market
After the announcement of losses of the index Borsa Istanbul 100 (BIST-100), which is 0.5 percent before the decision of the Central Bank, it should be 3.5 percent
The BIST 100 index closed at 92,133 pounds with a 3.33% depreciation yesterday morning.
The banking index decreased by 5.69%, the holding index decreased by 1.63%.
Analysts who spoke to AA reported that 92,000 points were strongly supported by the BIST 100 index and that 94,500 and 96,500 levels could be achieved if they had to stay on top of that. level
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WHAT TO DO THE ANALYSTS
– Banu Kıvcı Tokalı, chief economist of public investment, said the central bank was surprisingly maintaining the key rate, saying "monetary policy is Economist Muhammer Kömürcüoğlu, an economist at IS Investment, is the only institute not to anticipate rising interest rates: "It is important to note that in the absence of Additional measures, slowdown in domestic demand, delayed effects of rate hikes and the Merka Bank z did not increase interest rates at the meeting today. because of growing concerns about economic activity. We did not expect CBRT to increase interest rates in the second half due to growth concerns, contrary to expectations that the market would see a 100 to 125 basis point increase in interest rates. d & # 39; interests.
Kömürcüoğlu, who noted that the CBRT maintained a pessimistic view of the inflation front, pointed out that the hurricane would increase even if interest rates did not rise. did not say that it would protect the position of companies. "
" In the coming months, the course of economic activity and inflation prospects will determine the course of monetary policy. In this context, the approaches of the economic administration will be closely followed, with reference to the developments of inflation in recent announcements.
– Özlem Bayraktar Gökşen, director of investment research at Tacirler, said the PPK decision is a surprise in a context where institutional and market expectations are rising by 100 basis points.
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