Turkey's inflation is surging yet rate cuts are due

Turkish delight as inflation rate dips, raising hopes of rate cuts

Prices in Turkey have been easing on an annual basis since June this year, but they are still more than 10 times higher than the central bank's ...

Turkey's central bank holds rate at 50%, warns on inflation | Reuters

Turkey's central bank held interest rates at 50% on Thursday as expected but warned that a bump in recent inflation datalifted uncertainty, ...

Resilient Turkish inflation tempers rate cut expectations | Reuters

Turkey's annual inflation fell to 49.38% in September whereas the monthly rate was much higher than expected at nearly 3%, prompting a note ...

Turkey's inflation is surging yet rate cuts are due

State Statistic Office (Turkstat) announced Turkey's consumer price inflation accelerating 19.58% in September from 19.25% in August amidst ...

Turkey Seen Awaiting More Evidence Before Starting to Cut Rates

... inflation pushes the monetary authority to stick with a tighter bias ... Annual inflation fell by almost 10 percentage points in August, but ...

Turkey's inflation passes 75% in what economists believe is peak

The jury among economists remains mixed as to whether Turkey's central bank will cut interest rates by the end of this year or wait until 2025.

Why is Turkey's President Cutting Interest Rates, Spurring Inflation ...

But here is the problem. Economists warn that interest rate cuts will drive up inflation, which is already four times the official target, and ...

Turkey's Inflation Is Wild. Markets Are Surging - Yahoo Finance

The market surge comes amid economic chaos. Despite breathtaking inflation levels, the country's central bank cut interest rates with Erdogan's ...

Turkey Interest Rate - Trading Economics

Still, the monetary authority also noted that despite upside risks to inflation, other indicators continued to show that Turkey's aggregate demand continued to ...

Turkey's Erdogan vows to keep cutting rates to fight inflation if re ...

Turkey's President Recep Tayyip Erdogan has promised to continue with his unorthodox policy of cutting interest rates to reduce sky-high inflation if he is re- ...

Turkey cuts interest rates again despite 80% inflation - CNBC

... interest rate, despite inflation in the country surging beyond 80 ... but rose in several other destinations, including Turkey (here).

Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

But rather than go with economic orthodoxy by raising interest rates to tamp down inflation, Mr. Erdogan cut rates, a move that economists say ...

Turkey's Risky Monetary Policy Experiment - Manara Magazine

As of April 2023, Turkey's annual inflation rate was 43.7%[xii], showing a downward trend due to base effects, but still extremely high compared ...

Turkish inflation rockets to almost 70%, shattering rate pause hopes

Inflation in Turkey surged to a 15-month high in February, surpassing expectations and fuelling fears of further rate hikes.

Turkey—High inflation and low interest rates threaten economic crisis

Inflation spiralled to 73.5% year-on-year in May due to currency weakness, high energy and agricultural commodity prices, and President Erdogan's unorthodox ...

Turkey's new central bank chief assures that work to combat inflation ...

ANKARA, Turkey (AP) — The work to tame inflation in Turkey — namely through interest rate hikes — will continue “with determination,” the ...

Turkey Overview: Development news, research, data | World Bank

The country experienced a robust economic expansion of 4.5% in 2023. However, this growth rate is expected to moderate to slightly above 3% in ...

Turkey Inflation Rate | What You Need to Know - Capital.com

Annual inflation rate surged 80% in Turkey after interest rate cuts and depreciating Turkish lira (TRY) pushed inflation in the transcontinental nation to a 24 ...

Turkish inflation surges to highest level since 2002 - Al Jazeera

The annual consumer inflation rate rose to 36.08 percent last month and food and energy prices soared. ... Turkish inflation surged to a 19-year ...

Turks Are Running Out of Cash—and Patience - Foreign Policy

The reason inflation went haywire is because of Turkish President Recep Tayyip Erdogan's belief that low interest rates would somehow cap inflation.