ING's Interest and Inflation Forecasts for Turkey Have Been Announced!

ING's New Predictions for the Future of the Turkish Economy

The international financial institution ING has updated its expectations regarding Turkey's interest rates and inflation for 2023. According to the analyses, Turkey's economic outlook is shaped by global economic fluctuations and interactions with domestic dynamics.

Interest Rate Expectations

ING analysts have raised their forecasts for the Central Bank of the Republic of Turkey's (CBRT) policy interest rate. It is expected that interest rates will rise to around 25% in the second half of 2023. This increase aims to create a sustainable roadmap in the fight against inflation.

Inflation Projections

The annual inflation rate approaching 60% is the biggest concern for economists. ING forecasts that inflation will fluctuate between 55-60% during this year. As of April 2023, inflation data is being influenced not only by rising market prices but also by a post-crisis surge in demand.

Conclusion and Assessment

In light of this data, ING's expectations for interest rates and inflation in Turkey attract attention from both domestic investors and international markets. The steps taken to ensure economic stability have the potential to build confidence among investors while also strengthening growth dynamics.

In summary, ING's analyses are of critical importance for Turkey's credit markets and economic balance. These predictions could have significant effects on investment decisions and strategies.