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Goldman Sachs forecasts that Türkiye's central bank may raise its key interest rate by up to 350 basis points at the upcoming Monetary Policy Committee meeting on April 17, following a recent cut to 42.5%. This significant hike aims to reinforce the commitment to disinflation and stabilize the economy, despite potential risks to growth and borrowing costs. The report also highlights concerns over the threat of dollarization, which could undermine monetary policy effectiveness, while expressing cautious optimism due to Türkiye's strong foreign exchange reserves.
Clemens Grafe
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turkish central bank may raise interest rate by 350 basis points
08:01 28.03.2025
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