11.03.2025 15:54
Global banks are consecutively announcing their forecasts regarding interest and inflation rates in Turkey. Most recently, ING Global predicted that the Central Bank's interest rate cuts will continue in April. The bank also revised its forecast for the inflation rate.
New comments have come from ING Global regarding the interest and inflation forecasts closely monitored by economists and investors. ING Global predicts that the Central Bank of the Republic of Turkey (CBRT) may implement a 250 basis point interest rate cut in April. The bank noted that while it expects inflation to decrease further in March, the risks continue to remain on the upside.
ANNUAL INFLATION EXPECTATION IS 27 PERCENT
In the bank's latest statement, it was indicated that contrary to most economists' predictions, the Central Bank may cut rates by 250 basis points instead of 200. However, it is anticipated that the Central Bank will also consider the reserve situation and exchange rates before making a decision on this matter. Although risks continue to remain on the upside, ING Global predicts that by the end of 2025, inflation will be at 27 percent, and the policy interest rate will be at 29 percent.