Makro Haberleri

Joachim Nagel, member of the European Central Bank (ECB) and President of the Bundesbank, spoke in Frankfurt am Main, Germany, on Monday. He said that the longer the Middle East conflict lasts, the greater the risk of high inflation will reimain without ECB intervention.

John Williams, President of the Federal Reserve (Fed) Bank of New York, said in a prepared speech at the Cynosure Group Spring Symposium in New York, United States (US) on Monday, that there is no way to know yet how the Iran war impact will play out for the United States economy.

ING’s Chief Economist for Turkey, Muhammet Mercan, notes that April inflation rose more than expected, with annual Consumer Price Index (CPI) reaching 32.4%, well above the Central Bank of Turkey’s 16% target.

The AUD/USD pair is trading with a cautious tone, hovering near the 0.7190 price zone as investors position ahead of the Reserve Bank of Australia (RBA) monetary policy decision due later on Monday.

TD Securities economists Oscar Munoz and Eli Nir expect the Federal Reserve (Fed) to stay on hold until September as it assesses the Iran conflict’s impact and monitors inflation.

Commerzbank’s Thu Lan Nguyen writes that suspected MoF/BoJ intervention has strengthened the Japanese Yen (JPY), but questions how long gains will last. Markets still doubt the Bank of Japan's (BoJ willingness to respond forcefully to inflation, and see the JPY as a G10 laggard.

BNP Paribas economists expect United Kingdom (UK) growth to slow to 0.7% in 2026 from 1.4% in 2025, with quarterly expansion dropping to about 0.1%.