Rising recession risk and declining inflation data around the world are expected to cause major central banks to revise their ultra-hawkish policies.

The risk premiums of developing countries also tended to decrease with the aforementioned expectations.

The Consumer Price Index (CPI) rose less than expected by 0.1 percent on-month and 7.1 percent on-year in November, according to US macroeconomic data released today. Annual inflation in Germany fell to 10 percent in November, in line with expectations.

With the data released, with the expectation that the Fed will soften its aggressive stance in the fight against inflation, Turkey’s 5-year CDS premium fell to its lowest level since December 9 at 493 basis points.

Analysts noted that the slowdown in global inflation is expected to influence monetary policy decisions to be announced by global central banks this week, adding that activity in markets is expected to continue throughout the week.

While the Fed is expected to raise interest rates by 50 basis points with an 80 percent probability tomorrow, the final interest rate estimates on the dot chart to be announced are also very important in pricing. in money markets.

Analysts said Powell emphasized the final interest rate in his latest speech and said expectations about how long the bank will remain aggressive in the fight against easing inflation will have an impact on asset prices.

In previous meetings, the Fed made the fastest tightening of the last period with a 75 basis point increase in interest rates 4 times in a row, and the European Central Bank (ECB) similarly took the toughest tightening steps in its history by raising policy rates. at 75 basis points each. (AA)