Turkey rate hike to 25% in June is ‘on the table’ -JPMorgan

NEW YORK, June 5 (Reuters) – An interest rate hike to
25% from the current 8.5% is in the cards for Turkey’s Monetary
Policy Committee’s upcoming meeting on June 22, “if not
earlier,” JPMorgan economists said on Monday.

“A policy rate hike to 25%, from the current level of 8.5%,
is on the table for 22 June or earlier, along with forward
guidance suggesting smaller rate hikes if needed,” the Wall
Street bank said in an economic research note to clients. “We
maintain our year-end policy rate forecast at 30%.”

(Reporting by Rodrigo Campos; Editing by Leslie Adler)