Central Bank of Türkiye to announce interest rate decision on October 22

The Central Bank of the Republic of Türkiye (TCMB) is scheduled to hold its Monetary Policy Committee meeting on October 22. The interest rate decision is expected to be announced at 14:00 on the same day.

Market participants are closely monitoring the meeting for potential changes to the policy rate, which was previously held steady at 37 percent. Following recent inflation data showing a yearly rate of 29.73 percent—dropping below the 30 percent threshold mentioned by Treasury and Finance Minister Mehmet Şimşek—there is speculation regarding a possible rate cut. Some analysts are anticipating a 150 basis point reduction, though concerns remain regarding the impact of recent fund-related controversies on future inflation and monetary stability.