JPMorgan Chase expects Turkey's central bank to raise interest rates to 25% from the current 8.5% in June.

[JPMorgan Chase expects Turkey's central bank to raise interest rates to 25% from the current 8.5% in June] JPMorgan expects the Turkish central bank to raise interest rates to 25% from the current 8.5% at its June 22 meeting. Turkey will fall into recession in the second half of 2023 because of tighter credit conditions.