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Economist Tim Ash Labels Inflation/Rates Trajectory as 'Optimistic'

TURKEY

Economist Tim Ash via Twitter:

  • "A rational, objective person listening to Kavcioglu, higher inflation risks, would come to the conclude that policy rates will have to go higher again.
  • Guess he is hoping that inflation does not hit 19%, so he does not have to deliver on his promise of positive real rates."
  • "Kavcioglu predicts inflation peaking at 17% in April, and falling from there.
  • The market consensus is inflation peaks at 18-19%, and only likely in May or June.
  • So very optimistic from Kavcioglu.
  • Clear here that Kavcioglu does not think he will have to hike rates"
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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