【环球财经】土耳其10月通胀放缓至32.87% 央行或维持谨慎降息路径

Core Insights - Turkey's inflation rate decreased to 32.87% year-on-year in October, providing a buffer for the central bank to maintain a cautious interest rate cut pace [1] - The consumer price index for food rose by 34.9% year-on-year, while housing costs increased by over 50%, contributing significantly to inflation [1] - The central bank's recent interest rate cut to 39.5% was influenced by a previous unexpected rise in inflation to 33.29% in September, marking the first increase in 16 months [1] Inflation Trends - October's inflation rate decline offers a potential easing of market concerns following September's unexpected rebound [1] - The finance minister indicated that achieving the year-end inflation target of 25% to 29% is challenging, but a strong disinflation process is expected to continue into 2026 [1] Producer Price Index (PPI) - Preliminary statistics show that Turkey's PPI increased by 1.63% month-on-month and approximately 27% year-on-year in October, indicating that industrial costs remain high [1] - The elevated PPI suggests that the foundation for declining inflation is still unstable [1]