Web sitemizi kullanabilmek için javascript özelliğini etkinleştirmeniz gerekmektedir.

Daily Bulletin

Tacirler Investment

Good morning. Today, we begin the day awaiting the announcement of the Central Bank of Turkey’s (CBRT) Monetary Policy Committee (MPC) interest rate decision. The decision will be announced at 2:00 PM, and we expect a 250 basis points rate cut from the MPC. As a result, the policy rate would decrease from 47.5% to 45%, while the annual compounded equivalent of the policy rate would drop from 61% to 57%. This rate remains above both the inflation rate of the past year and the expected inflation for the upcoming year. Therefore, we can state that tight monetary conditions in Turkey will persist despite the rate cut, which will continue to support the disinflation process. Since we expect this approach to persist in the coming months, we believe the MPC will continue with rate cuts. We also hope to see our expectations confirmed in the messages delivered in the MPC Statement. Messages suggesting that the rate cuts could continue at the current pace would support Borsa Istanbul, particularly the banking sector. In this scenario, as mentioned on page 16 of our 2025 Outlook Report, the BIST 100 index, which currently targets around 14,000, could continue rising toward the 15,000 level. Additionally, the U.S. weekly jobless claims will be monitored on today’s agenda. Meanwhile, Turkey’s 5-year CDS premiums start the day at 266 basis points.

Detailed PDF   -   177 KB
Your transaction is being processed. Please wait.