Istanbul Friday, March 27, 2026 Markets · Macro · Strategy
Equities Macro Emerging Markets Fixed Income Analysis
Editor's pick — Deep dive

The Rate Cycle
Isn't Over.
Here's Why.

Markets have priced in an aggressive easing path, but a cluster of leading indicators suggests central banks may stay higher for longer than consensus expects — and the implications for equities are significant.

Gözleği · March 27, 2026 · 8 min read
0% 2% 4% 6% '20 '21 '22 '23 '26 Peak: 5.5% POLICY RATE TRAJECTORY
Live
BIST100 9,842.3 ▲ 1.2% USD/TRY 32.45 ▼ 0.3% S&P 500 5,614.2 ▲ 0.8% EUR/USD 1.0823 ▲ 0.1% GOLD $2,184 ▲ 0.5% WTI $78.2 ▼ 0.9% 10Y UST 4.28% ▼ 2bp BIST100 9,842.3 ▲ 1.2% USD/TRY 32.45 ▼ 0.3% S&P 500 5,614.2 ▲ 0.8% EUR/USD 1.0823 ▲ 0.1% GOLD $2,184 ▲ 0.5% WTI $78.2 ▼ 0.9% 10Y UST 4.28% ▼ 2bp

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