土耳其央行再度降息至38%，通胀回落显现改善迹象

Core Viewpoint - The Central Bank of Turkey announced a 150 basis point cut in the benchmark interest rate to 38% on December 11, indicating a continuation of the easing cycle as inflation pressures ease more than expected [1] Group 1: Inflation and Economic Environment - Turkey's inflation rate rose by 31.07% year-on-year in November, marking the lowest level since the end of 2021 [1] - The Central Bank noted improvements in inflation expectations and pricing behavior, although risks remain, with weaker food prices being a significant factor in the lower-than-expected data for the month [1] - The demand environment in the fourth quarter is considered favorable for a decline in inflation [1] Group 2: Monetary Policy Adjustments - The Central Bank's interest rate cuts have seen adjustments throughout the year, with a resumption of easing in July followed by significant rate reductions, which were later moderated due to rising food prices [1] - The recent rate cut aligns with the predictions of most market institutions, which also anticipate further rate cuts in the coming year [1]