Will the Turkish Central Bank raise interest rates at its June meeting?
PolymarketClosedCheck availabilityNo KYCVerified resolution dataWell calibratedThis market resolved: Yes
Resolved: Jun 22, 2023, 3:01 PM
Provider-verified resolution
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Probability Timeline
Yes100%
No0%
YesWon
NoLost
Macro-Sensitive Assets
Rules
The Central Bank of the Republic of Turkey's (TCMB, Türkiye Cumhuriyet Merkez Bankası) interest rates are defined in this market by the policy rate (one-week repo auction rate) released by the TCMB each month.
- Decisions on the one-week repo auction rate are made by the Monetary Policy Committee.
- As of the time of this market's inception, the rate is 8.5%.
- This market will resolve to “Yes” if following the Monetary Policy Committee's June 2023 meeting the policy rate is raised above the level it was prior to the meeting.
- Otherwise, this market will resolve to "No."
- The resolution source for this market is the TCMB statement after its meeting scheduled for June 22, 2023 according to the official calendar: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Core+Functions/Monetary+Policy/Monetary+Policy+Committee/2023.