土耳其央行将基准利率下调至40.5% 下降250个基点

Core Viewpoint - The Central Bank of Turkey has unexpectedly lowered its benchmark interest rate from 43% to 40.5%, a reduction of 250 basis points, which exceeds market expectations of a 200 basis point cut [1][2]. Group 1: Interest Rate Changes - The Central Bank of Turkey's Monetary Policy Committee (MPC) announced a significant interest rate cut, reducing the overnight rate by the same margin of 250 basis points [1][2]. - The decision to lower rates was influenced by recent economic data indicating that demand conditions are favorable for inflation, despite ongoing inflationary pressures from food prices and services [2][3]. Group 2: Economic Context - Turkey's second-quarter economic growth surpassed expectations, but domestic demand remains weak, contributing to inflationary pressures [2]. - The annual inflation rate in Turkey was reported at nearly 33% in August, with a monthly increase exceeding 2%, which was higher than market expectations [3]. Group 3: Future Monetary Policy Outlook - The Central Bank indicated that future adjustments to the policy rate will be based on inflation forecasts and will be approached cautiously through successive meetings [3]. - If inflation deviates significantly from medium-term targets, the Central Bank is prepared to tighten monetary policy [3]. - The Central Bank aims to create monetary and financial conditions that will allow inflation to reach a target of 5% in the medium term [3].