Core Viewpoint - The Central Bank of Turkey has decided to lower the benchmark interest rate from 43% to 40.5%, a reduction of 250 basis points, despite a stronger-than-expected GDP growth in the second quarter, indicating ongoing concerns about domestic demand and inflationary pressures [1] Economic Indicators - The current demand environment is aiding in the reduction of inflation, but rising food prices and price inertia in certain services continue to exert upward pressure on prices [1] - The Central Bank aims to maintain a tight monetary policy stance until the price stability target is achieved, with a medium-term goal of reducing the inflation rate to 5% [1] Historical Context - Turkey's inflation rate peaked at 85.5% in October 2022, prompting the Central Bank to restart the interest rate hike cycle in mid-2023 to combat high inflation [1] - As of August 2025, Turkey's inflation rate has shown signs of decline, falling to 32.95% according to the Turkish Statistical Institute [1]
土耳其央行下调基准利率 以推动通胀回落
Sou Hu Cai Jing·2025-09-11 13:45