Browsing: Expectations

Macro View
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Turkey: End of the Benign Cycle in Inflation?

The results of Turkish central bank’s survey of expectations released which showed that participants were expecting to see monthly reading of 0.65% in May inflation. Having said that, the year-end CPI growth is now projected at 7.80%, 11 basis points lower when compared to the…

Macro View
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Turkey Post-MPC: On The Horns of a Dilemma

Turkish MPC remained on hold once again yesterday as one-week repo rate, or so-called policy rate stood at 7.5%, along with overnight lending and borrowing rates at 10.75% and 7.25%. The central bank for sure will maintain the status quo until the end of Basci’s…

Macro View
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Are More Rate Cuts on the Way?

After Turkish lira bounced back from its record low of 2.74 to 2.58 versus the US dollar, it is stated by some pundits that more rate cut may be on the way from Turkish central later this year with a scenario of serious slowdown in…