JPMorgan Cuts 2026 Year‑End Policy Rate Forecast for Turkey to 35%

JPMorgan's interest rate forecast for Turkey is not directly related to the company's US-based operations. It may create a slight uncertainty in global risk perception, but current technical indicators (RSI 52, MACD below signal) do not provide clear direction in the short term. Therefore, the market impact is likely to remain neutral.

USDTRY is trading at 46.62, maintaining its short-term upward trend. The RSI stands at 60, indicating a buying zone, while the MACD shows a positive outlook above its signal line. The price remains above the 20-day and 50-day moving averages, supporting the bullish momentum. JPMorgan's year-end interest rate forecast of 35% could increase pressure on the Turkish lira and trigger further upside movement in USDTRY. However, caution is advised given the possibility of limited upside.

AKBNK stock is displaying a weak technical outlook. Although the RSI is approaching oversold territory at 33.8, the MACD remains below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. JPMorgan's announcement of a year-end interest rate forecast of 35% reinforces expectations of a continued high interest rate environment. This could pressure bank stocks and support a short-term bearish trend.