Curtain Raiser: CBRT November 2023 Interest Rate Announcement & Expectations

The Central Bank of the Republic of Turkey (CBRT) is scheduled to announce its November 2023 interest rate decision on Thursday, November 23, 2023 at 14:00 local time. The decision comes after a series of interest rate adjustments made by the CBRT in recent months.

In its latest move, the CBRT raised interest rates to 35 percent in October, following previous adjustments that included keeping the rate constant at 14 percent for 7 months, reducing the rate, and then finally increasing it again to 35 percent.

In the upcoming November decision, many analysts are expecting the CBRT to once again raise interest rates, as has been the trend in the previous interest rate adjustments. This decision will mark the sixth interest rate announcement since the change of leadership at the Central Bank.

Following the announcement, the first evaluations and expert analysis of the decision will be broadcast live on CNN TÜRK.

The interest rate decision is a key moment for the Turkish economy and the financial markets, as it can have significant impacts on borrowing costs and the overall economic environment. Investors and businesses will be closely watching the decision and its potential implications.

As the date approaches, the anticipation and speculation around the November interest rate decision are mounting, with many eagerly awaiting the announcement from the CBRT.

 

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