BBVA Projects Central Bank Rate Cut to 36% by October

BBVA Research anticipates that the Central Bank of the Republic of Turkey will keep its policy rate steady during its September meeting before initiating monetary easing in October. According to the institution's projections, an initial 100-basis-point cut will lower the benchmark rate from 37% to 36%, where it is expected to remain through year-end.

This outlook is reinforced by JPMorgan, which also models an easing cycle commencing as early as September. Both investment banks indicate a gradual pivot toward rate normalization as domestic macroeconomic indicators evolve.

For international property investors and domestic market participants, adjustments in the benchmark policy rate carry direct implications for mortgage liquidity and borrowing costs. Lower benchmark borrowing costs historically influence local financing terms, impacting leveraged transaction volume across the residential sector.