The Canadian swaps market has adjusted its expectations for a Bank of Canada (BoC) rate cut in April, now seeing a 30% chance, down from 43% before the latest Consumer Price Index (CPI) data was released. This shift reflects changing perceptions of inflation and monetary policy. Bank of America (BofA) anticipates that the BoC will proceed with lowering rates in April, despite a recent rise in inflation. This expectation suggests a divergence in market and analyst views on the immediate future of Canadian monetary policy. In a separate development, JPMorgan has raised its year-end inflation forecast for Türkiye to 29.5% and expects the Central Bank of the Republic of Türkiye (TCMB) to begin cutting rates from April. This forecast indicates a strategic shift in Türkiye's monetary policy in response to economic conditions. Goldman Sachs has maintained its 12-month forecast for the Turkish lira at 42 against the US dollar (USD/TRY), despite recent political developments, including the arrest of İstanbul Mayor Ekrem İmamoğlu. The bank believes that the TCMB has sufficient room to manage dollarization risks and sees no reason to revise its currency prediction.
Goldman Sachs latest report indicates that Turkish lira will depreciate to 42 against the US dollar despite Türkiye’s strong growth trajectory https://t.co/UCzjSYEAlG
JPMorgan raises Türkiye's year-end inflation forecast to 29.5%, expects central bank rate cuts from April https://t.co/IIbZFriqrD
Някои анализатори и инвеститори също бяха загрижени за ефекта върху паричната политика, чиято промяна преди почти две години издърпа Турция от ръба на пропастта. https://t.co/WGjbJy2QS4