JPMorgan made a new inflation statement about Turkey. According to analysts of the world’s largest bank, Turkey will close the year 2022 with an inflation rate of 63.1 percent. The Bank also increased its inflation forecast for the end of 2023.
World’s largest bank JPMorganpublished a new report on Turkey. From TurkStat’s announcement of inflation data for June 2022 This report, which comes right after, is unfortunately not very heartwarming. Because the predictions of JPMorgan analysts about Turkey, inflation will continue to rise towards…
JPMorgan had announced its year-end inflation forecast as 49.5 percent in its previous Turkey report. The new report, however, raised that estimate. According to the latest report, Turkey will expect the year 2022. with 63.1 percent inflation will close. The last forecast of analysts, who previously predicted 19 percent inflation for the end of 2023, is 22.5 percent recorded as.
“Inflation will be suppressed with tourism income”
In the statements made by JPMorgan; “While demand and cost-driven inflationary pressures continue to be strong and central bank credibility weakens, the CBRT’s policy stance continues to be normalized. no hurry. In this environment, at least partially secured by the FX-protected lira deposit program, and possibly will be supported by strong tourism revenues Lira stability will be the main tool to rein in inflationary pressures in the short run.‘ statements were made.
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“As monetary policy remains inactive, the timing and outcome of the elections short term inflation will be decisive for its appearance.According to JPMorgan analysts, Turkey continues to walk a tightrope. If a new weakening element occurs in the Turkish lira, inflation figures it could get worse is expressed.
Source :
https://www.bloomberght.com/jpmorgan-turkiye-enflasyon-tahminini-yukseltti-2310240