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 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’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 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.
Turkey’s inflation exceeds expectations in September
Inflation in Turkey rose higher than anticipated in September, with the Turkish Statistical Institute (TurkStat) reporting a 2.97% increase compared to the previous month, and 49.38% compared to the same month last year. Economists surveyed by the state-run Anadolu Agency (AA) had predicted a 2.09% rise.
Turkey inflation expected to fall below policy rate in Sept, first time since 2021
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.
Faster EU Rate Cut Possible After Inflation Falls Below 2 Percent
Inflation in the eurozone dropped to 1.8 percent in September which could lead to faster interest rate cuts from the European Central Bank (ECB). Inflation fell below the ECB's target of 2 percent for the first time in more than three years.
Eurozone inflation falls under 2% for first time since 2021
The eurozone's annual inflation rate fell to its lowest level in three-and-a-half years in September, official data showed Tuesday, dropping below the European Central Bank's two-percent target and fu
Eurozone inflation rates drop below 2% for the first time since 2021: Bets on ECB rate cuts
Data from European statistics firm Eurostat indicated that the Eurozone inflation rates have dropped to 1.8% in September from 2.2% in August. The rates are also down from the 4.3% recorded in September 2023.
Turkey’s Top Banker Wants Progress on Key Criteria Before Easing
Turkey still has some way to go when it comes to reining in price expectations and monthly inflation, the central bank’s two ...
Turkey Inflation Eases To 49.38%, Lowest 14 Months
Turkey's consumer price inflation eased for the fourth straight month in September to the lowest level over a year amid a slowdown in ...
Central Banking2h
Disinflation in Turkey slows in September
Although annual inflation in Turkey fell in September, it did so more slowly than in previous months, according to official ...
Zawya9h
Turkish inflation falls to 49.4% in September
Turkey's annual inflation rate fell further to 49.4 percent in September after reaching 52 percent in August, official data ...
Turkish Inflation Surprises With Less-Than-Expected Slowdown
Turkey’s annual inflation slowed less-than-expected by economists in September, a development that could delay discussions on ...
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Services remain a key risk to disinflation in Turkey
Turkey's underlying inflation trend is proving sticky - and it's mostly down to persistent pressure from services ...