29.01.2025 14:22
One of the major banks in the United States, JPMorgan, has upgraded its recommendation for Turkey by increasing its weight in the CEEMEA (Central and Eastern Europe, Middle East, and Africa) region portfolio from "Neutral" to "Overweight." The bank stated that this decision was made following the completion of the minimum wage increase, the Central Bank of the Republic of Turkey's interest rate decision, and the December CPI data.
One of the world's most famous investment banks, JPMorgan, has raised its investment recommendation for Turkey, increasing its weight in the CEEMEA (Central and Eastern Europe, Middle East, and Africa) region portfolio. The bank announced that it has upgraded Turkey from "Neutral" to "Overweight."
Based in the United States, JPMorgan has set its inflation forecast for Turkey at 26% for December 2025 and its core inflation forecast at 26.5%. For December 2026, it expects headline inflation to be at 20% and core inflation at 20.7%.
BİM HAS MANAGED TO ENTER JPMORGAN'S STRATEGY LIST
JPMorgan has also included BİM, the largest stock in the MSCI Turkey Index, in its CEEMEA Strategy Top 10 list. The bank has set its recommendation for BİM as "Overweight," with a target price of 985 TL per share.
A DATE HAS BEEN GIVEN FOR INTEREST RATES
JPMorgan stated that it expects the Central Bank of the Republic of Turkey (CBRT) to lower the policy interest rate to 42.5% in March and to gradually reduce it to 35% by the end of the year. JPMorgan has set its investment recommendations for different countries in the CEEMEA (Central and Eastern Europe, Middle East, and Africa) region as follows:
* The recommendation for Turkey, the UAE, South Africa, and Greece is "Overweight."
* A "Neutral" assessment was made for Saudi Arabia.
* For Poland, a recommendation of "Underweight" was given.
JPMorgan's positive revision for Turkey indicates that the recent economic steps taken have created more confidence in international markets.