MNI BRIEF: UK Wage Growth Remians Challenge For BOE - ONS

MNI: GERMANY FEB PRODUCER PRICES -0.2% M/M, 0.7% Y/Y

MNI BRIEF: China PC Monitor Sales Expected To Slow In 2025

MNI BRIEF: China Grid Investment Up During Jan Feb

MNI China Press Digest March 20:Mortgages, Green Bonds, Income

MNI: PBOC Net Injects CNY232.6 Bln via OMO Thursday

MNI: UK FEB CLAIMANT CHG +44200

MNI:AUSTRALIA FEB UNEMPLOYMENT RATE +4.1%

MNI: US TSY TICS NET FLOWS IN JAN -$48.8B

GERMANY: Handelsblatt Report on Lingering Uncertainties Ahead of Bundestag

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TURKEY: JP Morgan Raise CPI Forecasts, Expect CBRT to Reduce Rate Cut Size

TURKEY
BulletEM BulletEmerging Market News

Following the latest political developments, JP Morgan revise up their year-end inflation forecast to 29.5% oya (previously 27.2%) due to FX pass-through in March and April. They now expect CPI to be 3.2% m/m in March (previously 2.3%) due to FX pass-through in addition to the impact of Ramadan and adverse weather conditions on food prices. In response to inflationary pressures, the CBRT is likely to reduce the size of rate cuts to 150bp starting in April to 35% by year-end (previously 30%), in their view.

86 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Following the latest political developments, JP Morgan revise up their year-end inflation forecast to 29.5% oya (previously 27.2%) due to FX pass-through in March and April. They now expect CPI to be 3.2% m/m in March (previously 2.3%) due to FX pass-through in addition to the impact of Ramadan and adverse weather conditions on food prices. In response to inflationary pressures, the CBRT is likely to reduce the size of rate cuts to 150bp starting in April to 35% by year-end (previously 30%), in their view.