Quotes from UniCredit Research:
-We expect that Turkey's inflation will come down significantly during 1Q15 as the result of a number of base effects from Food and Transport, which added 2.7pp to inflation in 1Q14, will come off.
-The low oil price should provide additional support, as well as the FX pass-through from the mid part of the year. We expect inflation will fall to 6.6pp by the end of 1Q15.
The material has been provided by InstaForex Company – www.instaforex.com