BIST 100 index at Borsa Istanbul started the day at 9,962.46 points with an increase of 0.47 percent.
At the opening, BIST 100 index increased by 46.24 points and 0.47 percent compared to the previous closing, reaching 9,962.46 points.
The banking index gained 0.69 percent and the holding index gained 0.32 percent.
While banking gained the most among the sector indices, the only loser was securities investment trust with 0.87 percent.
While a cautious course stands out in the global markets, where transaction volume is low due to the Christmas holiday, today all eyes in the country are on the last monetary policy decision of the year by the Central Bank of the Republic of Turkey (CBRT).
While Borsa Istanbul’s BIST 100 index, which moved in an upward trend domestically yesterday, closed the day at 9,916.22 points, gaining 2.52 percent in value. Today, the CBRT’s interest rate decision is in the focus of investors.
Economists participating in AA Finance’s expectations survey expect the CBRT to reduce the policy rate by 150 basis points to 48.50 percent in December.
The average of economists’ end-2025 policy rate expectations was 29.50 percent.
On the other hand, the CBRT published the 2025 Monetary Policy yesterday, which serves as a road map for the monetary policy to be followed next year.
Accordingly, the CBRT Monetary Policy Committee (MPC) will hold 8 meetings in 2025 within the framework of the calendar to be announced. The silent period before the MPC meeting will cover a period of 3 business days and no external communication regarding monetary policy will be made during this period.
In addition, the CBRT stated that the announcements shared with the public regarding monetary policy, macroprudential framework, Turkish lira and foreign exchange liquidity management constitute important elements of communication, and announced that it is planned to continue the simplification steps in regulations in 2025 and to terminate the Exchange Rate Protected Deposit (KKM) application within the year.
In addition, in the statement made by the Bank, it was stated that it does not have any target regarding the level of exchange rates and that no foreign exchange buying or selling transactions will be carried out in order to determine the level or direction of exchange rates.
Analysts stated that today, in addition to the CBRT’s interest rate decision, sectoral inflation expectations and weekly money and bank statistics will be followed in the country, and weekly unemployment benefit applications in the USA will be followed abroad. Technically, 10,000 and 10,150 points in the BIST 100 index will be resistance, 9,800 and 9,700 points will be followed. He stated that the levels are in support position.
