Bank of America Securities economist Hande Kuchuk predicts that after completing a potential interest rate cut next month, the Turkish central bank will keep interest rates unchanged until April 2027. Kuchuk predicts that if inflation does not exceed expectations in September and oil prices do not continue to rise, interest rates will be cut by 100 basis points from 37% in October. Bank of America predicts monthly inflation of 2.1% for September. In the September 10 research report, she wrote, “The supporting effect of the November and December base effect may weaken. At that time, the market will begin to pay attention to year-end salary adjustments in early 2027.” Bank of America predicts Turkey's year-end policy interest rate of 36% and inflation of 29.5%. The policy interest rate at the end of 2027 was 32%, and inflation was 26%.

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