Turkey inflation exceeds forecasts, tempering rate cut expectations
Turkish annual inflation fell to 49.38% in September while the monthly rate was much higher than expected at nearly 3%, setting the stage for later than expected interest rate cuts by the central bank.
Turkey’s Inflation-Adjusted Rates to Turn Positive in Milestone
Turkey’s annual inflation likely dropped below the central bank’s 50% key interest rate in September, in what would be the first time in three years that official borrowing costs are above zero when adjusted for prices.
Turkey’s inflation drops to 49.4% in September, but rate cuts could be delayed
Turkey’s annual inflation rate slowed to 49.4% in September 2024, down from 52% in August, according to data released by TurkStat. This marked a significant decrease but was still higher than economists’ expectations,
Turkey Inflation Expected to Fall Below Policy Rate in Sept, First Time Since 2021 Reuters Poll
ISTANBUL (Reuters) - Turkey's annual inflation is expected to continue its decline in September and fall below the central bank's policy rate for the first time since 2021, a Reuters poll showed on Monday.
Official inflation in Turkey falls below policy rate for first time since July 2021
By Akin Nazli in Belgrade Turkey’s consumer price index (CPI) inflation officially stood at 49% y/y in September versus 52% y/y in August, the Turkish Statistical Institute (TUIK, or TurkStat) said on October 3 (chart).
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From the archives: Recipe for Grandma’s Pies’ cream of turkey soup
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