Türkiye's central bank expected to hike interest rate: media

ISTANBUL, July 19 (Xinhua) -- Türkiye's central bank is likely to raise its main interest rate by 500 basis points to 20 percent, economists told the state-run Anadolu news agency on Wednesday.

The bank's rate decision will be announced on Thursday at 2 p.m. local time (1100 GMT).

Marek Drimal, an expert at Societe Generale's Emerging Markets Strategy research team, predicted that the central bank's