Brendan is an Executive Director, Emerging Markets Economist, and FX Strategist at Wells Fargo. Based in New York City, he provides commentary on global macroeconomic developments and foreign exchange markets through several Wells Fargo publications, with a primary focus on emerging markets. Before joining Wells Fargo, Brendan worked as a macro strategist for Citigroup in New York, where he was responsible for identifying thematic macroeconomic trends as well as analyzing individual economies with a particular focus on emerging markets.
Wells Fargo predicts interest rate cuts in 2025 and inflation at 55-60% this year for Türkiye
We believe the Central Bank will start cutting rates in early 2025. We have not changed our view here, as we still think inflation remains somewhat sticky. Monetary policy is likely to stay tight.