Bloomberg/Baziki explained the invisible impact of the fund crisis: Spending will also be affected

Bloomberg economist Selva Baziki warned that Turkey’s fund crisis is affecting corporate and household spending in ways not yet visible in headline data, suggesting the strain could weigh on domestic demand. She also called the central bank’s inflation forecast overly optimistic and laid out her own expectations for inflation and interest-rate cuts. The commentary matters because it signals that financial-market stress may be feeding through to real spending decisions, a key channel for growth. Investors should watch upcoming consumption and corporate spending data, along with the central bank’s rate path, for confirmation of the effect Baziki describes.