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Top related persons:
Hafize Gaye Erkan - 1 Nicolaie Alexandru - 1 Chidesciuc - 1 Karin Strohecker - 1 Amanda Cooper - 1
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2H23
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JPMorgan - 1 Thomson - 1

Search resuls for: "Chidesciuc"


2 mentions found


☆ JPMorgan expects Turkey central bank to lift rates to 25% on June 22
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: 1 min
LONDON, June 12 (Reuters) - JPMorgan said on Monday it expects Turkey's central bank to hike interest rates to 25% from the current 8.5% at its June meeting, adding this could come with forward guidance suggesting smaller hikes ahead if needed. June 22 is the first scheduled policy meeting after Hafize Gaye Erkan was appointed as central bank governor on Friday. "We maintain our year-end policy rate forecast at 30%, with risks on the upside," Nicolaie Alexandru-Chidesciuc wrote in a note to clients. "We forecast a recession in 2H23 on the back of a tightening in credit conditions." The Wall Street bank confirmed it expected the country to tip into recession in the second half of the year due to tightening credit conditions.
Persons: Hafize Gaye Erkan, Nicolaie Alexandru, Chidesciuc, Karin Strohecker, Amanda Cooper Organizations: JPMorgan, Thomson Locations: 2H23
☆ Analysis: IMF plugs financing gaps as riskier emerging markets face squeeze
  + stars: | 2022-10-14 | by ( Jorgelina Do Rosario | ) www.reuters.com   time to read: +6 min
Ghana, Egypt, Tunisia and Malawi are all in talks on some type of IMF financing. Countries' debt burdens have risen. Turning to the IMF for financing has been the traditional playbook for smaller, strained countries in times of crisis. A set of new IMF tools should also help funnel more funds to such countries in the short-term. "But IMF does act as an anchor and allows access to a broader set of funding, even if not from the market," said Alexandru-Chidesciuc.
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