Morgan Stanley economists, in their note on Monday, stated that they expect the CBRT to increase the policy rate to 20 percent with an increase of 11.5 points.
After BofA, Goldman and Deutsche Bank, Morgan Stanley also passed an information note containing its predictions about the interest rate decision that the Central Bank of the Republic of Turkey will take at its meeting this week.
The Bank noted that they expect the CBRT to increase the policy rate by 11.5 points to 20 percent at the meeting to be held on Thursday, while focusing on inflation and gradual deregulation in communication.
Morgan Stanley economists Hande Küçük and Alina Slyusarchuk stated in a note released on Monday that they do not expect the levels that indicate positive real interest rates to be reached quickly.
In their note, the two economists said, “We think that the first steps will aim to close the big gap between the policy rate and inflation expectations. “The MPC will most likely signal more rate hikes to aim to manage inflation expectations,” he said.