Turkey’s Central Bank is expected to keep interest rates constant this week, according to an Anadolu Agency survey on Monday.
The first monetary policy committee (MPC) meeting of 2020 will be held on Thursday to announce the bank’s decision on interest rates.
A majority of 21 economists surveyed by Anadolu Agency forecast no change in interest rates.
While 12 economists forecast that the bank will not change rates, nine expected decreases, ranging from 25 to 100 basis points.
In December, the bank cut its one-week repo rate by 200 basis points to 12%, down from 14%.
During 2019, the