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GS Sees Inflation Peaking At Nearly 80%

TURKEY
  • GOLDMAN SACHS SAYS EXPECTS ANNUAL TURKISH INFLATION TO REACH ALMOST 80%, THEN DIP TO 60% AT YEAR-END (Reuters)
  • This morning, economic data showed that the 12M inflation expectations increased to 37.9% in June, up from 33.3% the previous month.
  • The deep negative real yields in Turkey (combined with the geopolitical uncertainty) has been weighing on the TRY this year; the lira is the worst performing currency among the EM world, down

Source: Bloomberg

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  • GOLDMAN SACHS SAYS EXPECTS ANNUAL TURKISH INFLATION TO REACH ALMOST 80%, THEN DIP TO 60% AT YEAR-END (Reuters)
  • This morning, economic data showed that the 12M inflation expectations increased to 37.9% in June, up from 33.3% the previous month.
  • The deep negative real yields in Turkey (combined with the geopolitical uncertainty) has been weighing on the TRY this year; the lira is the worst performing currency among the EM world, down

Source: Bloomberg