Berfin Kardaslar |

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Berfin Kardaslar

BBVA Research

Economist

Berfin Kardaslar works as an Economist at Garanti - BBVA Research since November 2024. She obtained her bachelor’s degree in Economics from Middle East Technical University and her master’s degree in Analysis and Policy in Economics from the Paris School of Economics. Currently, she is in the dissertation phase of her doctoral studies at Humboldt University of Berlin.

Before her tenure at Garanti BBVA, Berfin served as a Research Associate at the German Institute for Economic Research (DIW Berlin) and as a Teaching Assistant at Humboldt University of Berlin.

Latest publications

Türkiye | Core inflation eases, food bites

3 September 2025

Consumer prices rose by 2.04% m/m in August, above our expectation and consensus (1.75%), resulting in an annual inflation of 32.95%. We maintain our inflation forecast of 30% by end 2025 and assess that the CBRT might reduce the pace of cuts going ahead in order to contain the risk of sticking to 1.5-2% monthly CPI trend.

Türkiye | Encouraging surprises, underlying strains in July CPI

4 August 2025

Consumer prices rose by 2.06% m/m, lower than both consensus (2.4%) and our expectation (2.5%), driving annual inflation down to 33.5%. Considering unanchored inflation expectations, high services inertia and upward pressure on the food inflation going forward, we expect the year-end inflation to reach 30%.

Türkiye | Hope Heats Up as Inflation Cools Down

3 July 2025

Consumer prices rose by 1.37% m/m, lower than both our expectation and the consensus (1.5%), driving annual inflation down to 35.05%. Given the positive surprises of the last 3 months, we underline a high likelihood of a year-end consumer inflation below 30%.