The market does not expect surprises from the Central Bank

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While the aggressive tightening of the Fed in global markets is included in the pricing, domestic markets do not expect any surprises from the April meeting of the Central Bank of the Republic of Turkey.

The median expectation of 19 institutions participating in the Bloomberg HT Research Unit’s interest rate survey was that the policy rate would remain constant at 14 percent.

The median expectation of 16 institutions sharing their year-end forecast is that interest rates will remain unchanged at 14 percent until the end of the year.

The institution that gave the lowest year-end forecast, started to cut the policy rate as of August and reduced the policy rate to 9 percent until the end of the year. shared that they expect it to be upgraded.

Year-end expectation in current account deficit 35 billion dollars

Bloomberg HT Research Unit also conducted a survey on current account balance.

The median year-end current account deficit expectation of 19 institutions participating in the survey rose from $32.5 billion to $35 billion, the result of the survey conducted in March.

The institution that gave the highest estimation shared a forecast of 55 billion dollars, and the institution that gave the lowest estimation shared a forecast that we will complete the year with a current account deficit of 27 billion dollars.

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