Citi's Year-End Interest Rate Forecast for the Central Bank of Turkey (TCMB).
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Economy - Following the release of inflation figures, major bank Citi has made important assessments regarding the Turkish economy. Here are the details...
Following the release of inflation figures, major bank Citi made significant assessments regarding the Turkish economy. The bank, which does not expect any interest rate change from the Central Bank of Turkey (TCMB) at its September meeting, predicted that the policy rate will end 2026 at 35 percent. The bank also released its forecast for year-end inflation.
Citi stated that despite the slowdown in economic growth, the inflation outlook remains resilient and challenging, and announced its interest rate forecast for the Central Bank of Turkey (TCMB).
In its assessment of the Turkish economy following the August inflation figures, Citi noted that inflationary pressures remain persistent despite the slowdown in growth. The bank, which does not expect any interest rate change from the Central Bank of Turkey (TCMB) at its September meeting, predicted that the room for rate cuts is limited and that the policy rate will end 2026 at 35 percent.
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