All articles tagged with #centralbankpolicy
Investors are scaling back their expectations for interest rate cuts in 2024, signaling a shift in market sentiment regarding the future path of monetary policy. This adjustment in outlook may reflect recent economic data or statements from central bank officials that suggest a less aggressive easing of rates than previously anticipated.
Turkish inflation rose to 64.8% in December, slightly below expectations but still marking a significant increase from the previous month. Despite a global trend of easing inflation, Turkey continues to struggle with high rates, exacerbated by a weak lira and controversial interest rate cuts by the central bank. However, the central bank, under new leadership, has reversed course and is now raising rates, with the market expecting inflation to peak by mid-2024. Investors are beginning to see opportunities in Turkish bonds and the stabilizing lira, although some economists believe the central bank's target inflation rate of 36% by the end of 2024 may be overly optimistic.