Economists expect interest rates to fall by 11 points to 35 percent by the end of the year.

According to economists participating in the Anadolu Agency (AA) survey, interest rates will fall to 35 percent with an 11-point reduction at the end of the year.

The Central Bank (CBRT) left the interest rate unchanged at 46 percent on June 19.

The Central Bank is expected to cut the policy rate in July.

21 economists participated in AA's expectations survey.

Eleven of the economists said the policy rate would be cut by 250 basis points, four by 300 basis points, and six by 350 basis points.

The prevailing expectation is that the interest rate will be reduced by 250 basis points to 43.50 percent.

Economists' year-end policy rate expectations carry a weight of 35 percent.