Türkiye: Inflationary pressures alive due to both domestic and global factors – BBVA By MSalordFX Turkey Inflation Banks
to accelerate above 90% in the coming months led by loose economic policies and significantly deteriorating inflation expectations. They have revised their year-end inflation forecast to near 70%, still with risks clearly on the upside.“Consumer prices increased by 4.95% in June, slightly lower than market consensus and our expectation , which resulted in an annual figure of 78.6%.
“We expect consumer inflation to accelerate above 90% in the coming months led by loose economic policies and significantly deteriorating inflation expectations. By year-end, we expect inflation to slow down to near 70% given positive base effects in the last two months of the year, assuming no substantial shocks on the foreign exchange rate.”
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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