Deutsche Bank analysts, pointing to concerns stemming from the resilient nature of inflation, have raised their year-end 2024 inflation expectation from 26 percent to 28 percent. Furthermore, they stated their year-end forecast for the dollar/TL exchange rate as 43.
In the report prepared by Yiğit Onay and Christiyan Wietoska, it was emphasized that a significant slowdown in inflation could be quite difficult. Analysts anticipate a 250 basis point cut in the policy rate in January and estimate that the interest rate will fall to 40 percent by April.
Additionally, while the year-end 2024 policy rate expectation was raised from 30 percent to 32.5 percent, the year-end 2026 dollar/TL forecast was announced as 49.
News Source: 12punto
