JPMorgan said on Monday it expects Turkey's central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come with forward guidance suggesting smaller hikes ahead if needed.
was appointed as central bank governor on Friday.
"We maintain our year-end policy rate forecast at 30%, with risks on the upside," Nicolaie Alexandru-Chidesciuc wrote in a note to clients.The Wall Street bank confirmed it expected the country to tip into recession in the second half of the year due to tightening credit conditions.
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