Interest Rate Cut Expectation from Garanti BBVA: Turkish Economy

Garanti BBVA Deputy General Manager Sinem Edige made significant evaluations regarding the Turkish economy. In statements made during a broadcast on CNBC-e, she shared striking information about the direction of monetary policy and interest rates.

Edige expressed her expectation that the Central Bank of the Republic of Turkey (CBRT) will implement a 100-150 basis point interest rate cut in its meeting in December. This statement stands out as a development that the markets are eagerly awaiting. It is thought that interest rate cuts could have significant effects on economic management and inflation targets.

Evaluations were also made regarding the effects of recent inflation increases in Turkey on interest rate policy. Edige emphasized the inflation targets set for the end of the year while noting that uncertainties in the markets continue in line with the CBRT's new strategies.

On one hand, Edige pointed out that Turkey needs to reassess its monetary policy due to the impact of global economic conditions, focusing on the course of exchange rates and domestic consumption demands, and evaluating how this situation reflects on inflation rates. Experts are focusing on the effects the interest rate cut decision could create in the markets as well as the momentum it could bring to the economy.

Additionally, based on Edige's assessments, the developed views on inflation and policy interest rate expectations for the end of the year are being closely monitored by economic circles. It is believed that such regulations have the potential to contribute to the balancing of the Turkish economy and sustainable growth in the long term.

In summary, Garanti BBVA's senior executives continue to take necessary steps to better understand the dynamics of interest and inflation in the Turkish economy, while also providing important information for market players and investors. These evaluations, which affect Turkey's economic outlook, are of great importance for future economic developments.