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JPMorgan raises inflation and interest rate forecasts for Turkey amid volatility

JPMorgan has raised Türkiye's year-end inflation forecast from 27.2% to 29.5% due to a slower disinflation process and recent currency volatility following the detention of Istanbul Mayor Ekrem Imamoglu. The bank anticipates a 150 basis-point interest rate cut starting in April, adjusting the year-end rate expectation to 35%. Concerns over persistent inflationary pressures and geopolitical risks are influencing Türkiye's economic outlook and foreign investment dynamics.
Türkiye Today
Turkish Lira United States Dollar JPMorgan Chase & Co. USA Fatih Akcelik Ekrem İmamoğlu
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09:05 20.03.2025
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