Market question: Will the Turkish Central Bank raise interest rates at its June meeting?
Category: Other
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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.

This market may resolve as soon as the Monetary Policy Committee's statement for their June meeting with relevant data is issued. If no statement is released by July 6, 2023, 11:59:59 PM ET, this market will resolve 50-50.

Outcome: Yes