60 percent inflation forecast for Turkey from Goldman Sachs and JP Morgan

Inflation forecast for Turkey from JP Morgan

The US investment bank JP Morgan has announced its inflation expectations for Turkey after the Central Bank's decision to keep interest rates constant. Stating that inflation will hover around 60 percent throughout the year, the bank also drew attention to the fragile position of the Turkish lira.

Goldman Sachs raised its inflation forecast for Turkey to 60 percent. He knew the 50s.

The US bank stated that inflation in Turkey will remain high due to the "unstable" policy stance of the authorities in Turkey and the rise in energy prices after Russia's invasion of Ukraine.

60 percent inflation forecast for Turkey from Goldman Sachs and JP Morgan

Two US banks predicted that inflation in Turkey will hover around 60 percent for most of the year.