Group 1 - Turkey's inflation rate showed a slower decline than expected, with the year-on-year increase dropping from 33.5% in July to 33% in August, which was higher than analysts' forecast of 32.6% [1] - The core inflation rate, excluding volatile items like food and energy, decreased to 33% from 34.7% in July, indicating persistent inflationary pressures [1] - Key contributors to the inflation included food, transportation, and rental services, with rental prices being influenced by past inflation levels, making them difficult to control through monetary policy [1] Group 2 - The Turkish central bank had previously lowered the benchmark interest rate by 300 basis points to 43% in July, marking the first rate cut in four months, amidst political turmoil [2] - The central bank has indicated a potential for further rate cuts, but the governor warned that the bank is not on "autopilot" and highlighted the importance of consumer and business inflation expectations [2] - Turkey's GDP grew by 4.8% year-on-year in the second quarter, driven by domestic demand, raising concerns about the adequacy of the central bank's rate cuts [2]
土耳其8月通胀放缓幅度不及预期 央行进一步降息空间或受限
Zhi Tong Cai Jing·2025-09-03 09:13