Stubborn Turkey Inflation Leaves Little Room for Interest Rate Cut
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4 Articles
Although inflation in August was below expectations, core inflation, particularly C, rose again above 30% annually. Potential inflationary pressures stemming from high Brent oil prices and education could lead the Central Bank of Turkey to once again postpone rate hikes on September 10th.
Stubborn Turkey inflation leaves little room for interest rate cut
Turkey’s consumer inflation fell for the third month in a row in August but remains higher than it was at the beginning of the year, adding to doubts that the central bank will resume interest rate cuts when policymakers meet next week. Annual inflation slipped to 31.51 percent from 31.75 percent in July, according to […]
Today's inflation figures, while slowing compared to last month, were close to expectations on a monthly basis. The contribution of fuel prices to inflation was particularly noticeable. Following the data release, global investment banks have begun to no longer expect interest rate cuts from the Central Bank of Turkey (TCMB).
Inflation figures were released today. While inflation came in slightly below expectations, attention has now turned to the Central Bank's decision. As the debate continues about whether interest rates will be lowered, the increasingly frequent question is "When and on what day will the Central Bank announce its interest rate decision?"
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