Turkish Central Bank Gains Respite as Inflation Slows: Chart

Turkey’s annual consumer inflation slowed for the first time since April, led by food prices. That gives the central bank legroom to continue an easing cycle that began in March. “Further rate cuts won’t be surprising,” said Deniz Cicek, an economist at Finansbank in Istanbul, whose 8.03 percent inflation forecast was the most accurate in a Bloomberg survey.

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