Bank of America (BofA) Securities and Morgan Stanley do not overlook the possibility of the Central Bank of the Republic of Türkiye implementing another interest rate hike in the second quarter of this year.
BofA Economist Zümrüt İmamoğlu stated, "If wage increases have a stronger impact on demand than expected, additional interest rate hikes could be possible in the second quarter. However, this is not our base scenario." İmamoğlu did not forecast an interest rate cut for this year.
Morgan Stanley economist Hande Küçük stated, "We maintain our forecast that the policy rate will remain at 45 percent until the end of the year, but we see increased risks of additional interest rate hikes in the second quarter."
The report included evaluations such as, "Highlighting inflation risks more strongly, in our view, implies that additional interest rate hikes are more likely compared to last month."
Küçük anticipated that the Central Bank would wait for the February and March inflation data before deciding whether to implement additional interest rate hikes.
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