11:01 - 22.07.2025

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July 22, Fineko/abc.az. The Central Bank of Turkey (CBRT) is expected to cut interest rates by 200 basis points at its upcoming monetary policy meeting on July 24, according to a forecast from Bank of America (New York:BAC).

ABC.AZ reports that markets are currently priced in a cumulative 870 basis point reduction in rates for the remainder of 2025, while Bank of America predicts that the key rate will reach 38% by the end of the year.

The central bank is likely to continue its reserve accumulation strategy until the end of the summer, the bank said.

Although geopolitical risks may cause a slight increase in monthly inflation in the short term, Bank of America expects this effect to be temporary.