JPMorgan delays Türkiye rate-cut forecast as Middle East tensions lift oil prices - Türkiye Today
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JPMorgan delays Türkiye rate-cut forecast as Middle East tensions lift oil prices Türkiye Today
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Global Rates: Where next for CB and rates as the Middle-East conflict persists?
The desk argues that the ongoing Middle-East conflict is likely to influence central bank decisions and rate markets in the US, Euro area, and UK, potentially leading to a more cautious stance from policymakers. Per the full note from J.P. Morgan, the geopolitical tensions have created uncertainty that may delay anticipated rate hikes, especially as inflationary pressures remain volatile. Our consensus target for the EUR/USD is 1.075, with a range between 1.04 and 1.12, reflecting a divergence in expectations among major firms. Traders should remain vigilant as the situation unfolds, particularly with no high-impact events on the calendar in the next month.
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