Turkey, Economy

Economists forecast Turkish cbank to hold rates

Turkey's interest rates will probably remain unchanged after Central Bank's May 20 meeting, economists say.

Economists forecast Turkish cbank to hold rates


Economists have forecast the Turkish Central Bank will hold the interest rates at its next policy meeting.

The bank's monetary policy committee is due to meet May 20 to decide about raising or lowering interest rates.

The forecast was made by a panel of 20 economists to Anadolu Agency on Friday in a financial survey.

On April 22, the bank had held key interest rates at the current levels.

The one-week repo rate, the rate at which the Central Bank makes one-week loans to lenders, is expected to remain at 7.5 percent; the overnight lending rate, the rate which determines the cost of overnight loans to banks, is expected at 10.75 percent and the overnight borrowing rate at 7.25 percent.

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