About this episode

The episode discusses the diverging inflation trajectories of Türkiye and Kazakhstan, focusing on disinflation trends and monetary policy.

In this episode, Nicolaie Alexandru-Chidesciuc, Fatih Akcelik, and Khamza Sharifzoda examine the diverging inflation trajectories of Türkiye, where disinflation has stalled but not been derailed, and Kazakhstan, where the pace of disinflation has slowed. The discussion explores the underlying forces shaping inflation dynamics in both economies, the respective roles of monetary and fiscal policy, and the critical influence of inflation expectations. The speakers further consider the outlook for each central bank as policymakers assess the appropriate pace of monetary easing in the period ahead. This podcast was recorded on 01 September 2026. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-5432113-0 https://www.jpmm.com/research/content/GPS-5346481-0 https://www.jpmm.com/research/content/GPS-5165446-0 https://www.jpmm.com/research/content/GPS-5390753-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2026 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or…

People in this episode

Guests: Nicolaie Alexandru-Chidesciuc, Fatih Akcelik, Khamza Sharifzoda

Topics covered

• disinflation
• inflation dynamics
• monetary policy
• fiscal policy
• central bank outlook

Keywords

• disinflation
• Türkiye
• Kazakhstan
• inflation expectations
• monetary easing

Mentioned in this episode

Organizations: J.P. Morgan

Places: Türkiye, Kazakhstan

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