08.10.2024 13:00
One of the leading banking institutions in the United States announced Turkey's inflation forecast. It also stated the year-end inflation expectation as 43.3%.
Bank of America (BofA) stated in its report regarding Turkey that inflation will continue to slow down, and the year-end inflation expectation is 43.3 percent.
The American investment bank Bank of America shared a note regarding Turkey. It was expressed that inflation is expected to continue to slow down. The bank also announced the year-end inflation expectation as 43.3 percent.
EXPECTED POLICY INTEREST RATE AT THE END OF 2025 IS 30 PERCENT
In the report, it was stated that the inflation data for September did not change the baseline scenarios and that the first interest rate cut is expected in December. "We believe that the decision of the Central Bank of the Republic of Turkey will depend on the data. If we do not see more upward surprises in inflation, we think there could be a 200-250 basis point interest rate cut in December. If the data disappoints, we may see the first interest rate cut in the first quarter of next year," it was stated.