Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
ANKARA, Oct. 24 (Xinhua) — Turkey's central bank on Thursday slowed its monetary easing cycle, cutting its key interest rate by 100 basis points from 40.5 percent to 39.5 percent, in line with market expectations.
In a statement following the Monetary Policy Committee meeting, the Central Bank reported that inflation accelerated in September. Recent price changes, particularly for food products, have increased the risks to disinflation due to inflation expectations and price behavior.
Turkey's annual inflation rose to 33.29 percent in September from 32.95 percent in August, marking the first monthly increase since May 2024.
The Central Bank's latest rate cut follows sharper cuts in previous months: 250 basis points in September and 300 in July.
The Turkish government expects inflation to fall to 28.5 percent this year and to 16 percent in 2026, before falling to single digits in 2027. –0–
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