ANKARA
Economists surveyed by The Anadolu Agency forecast that Turkey’s Central Bank will cut interest rates further at the next Monetary Policy Committee meeting on Feb. 24.
Nealy 75 percent of 19 economists who participated in the survey expected a cut in interest rates although their estimations of the amount of the cut varied.
Seven of the economists predicted the benchmark one week interest rate would be reduced by 25 basis points, while another seven of them said it would decrease by 50 basis points. The other five predicted no cut in the rate.
The committee reduced the rate by 50 basis points at the last committee meeting on Jan.20.
However, the bank was criticized bu government officials including President Recep Tayyip Erdogan who said that the cut was still not enough to support growth.
