Report
FREE
BGC PARTNERS - MAY INFLATION WORSE
Risks are to the upside to the year-end inflation expectations, CBT likely to act... Inflation data tells that the CBT should not only maintain its tight monetary policy for longer but should also adjust its rates further up. The Bank has already switched to an orthodox monetary policy and we believe that the increase in inflation is high enough that the CBT will most likely resort to another rate hike in its MPC meeting this week on June 7th, as signalled to investors in London last week. The market reaction to the inflation reading seems to confirm this expectation. Our 2018-end CPI forecast stands at 11.8% currently, compared to the market consensus of 11.5%, but risks seem to be to the upside, given the trend in PPI in particular.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Cagdas Dogan
Other Reports from BGC Partners
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.