When and what time will the CBRT’s April 2023 interest rate decision be announced? What will happen to the Central Bank’s interest rate decision?

The Central Bank Monetary Policy Committee announces the date of the meeting where the policy rate will be determined every month in the meeting calendar. The decision for April will be announced after this meeting. Here is the latest information before the CBRT’s decision…

WHEN AND WHAT TIME WILL THE CENTRAL BANK APRIL 2023 INTEREST DECISION BE ANNOUNCED?

According to the information in the CBRT Monetary Policy Committee meeting calendar, the interest rate decision will be announced on Thursday, April 27, 2023 this month. The decision will be announced at 14:00 on the same day. In its last decision, the CBRT announced its March interest rate decision as 8.5 percent and left the interest rate constant.

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WHAT HAPPENED TO THE MB INTEREST DECISIONS?

In the decision announced in July, the CBRT kept the interest rate constant at 14 percent for the 7th time in a row, cut interest rates in August, September, October and November, and kept the interest rate constant at 9 percent in December and January. In February, the CBRT cut the policy rate by 50 basis points to 8.5 percent. In March, interest rates were left unchanged at 8.5 percent.

HOW IS THE MARCH INTEREST DECISION EXPECTED?

Based on the previous statements, no rate hike is expected in the decision to be announced by the CBRT. It is estimated that the CBRT’s decision will be either to leave it fixed or to lower it.

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