Skip to content
Subscriber Only
Markets
Economics

Longer Wait Ahead for Turkish Rate Cuts After Inflation Reversal

  • Central bank raises forecast for end-2020 price growth to 8.9%
  • Turkish real rates to stay negative under updated 2020 outlook
A worker sprays disinfectant around cafe tables following the easing of lockdown in Istanbul on June 1.

A worker sprays disinfectant around cafe tables following the easing of lockdown in Istanbul on June 1.

Photographer: Kerem Uzel/Bloomberg
By

Updated on

Follow us @middleeast for more news on the region.

Turkey’s central bank surprised by raising its inflation projections for the end of this year by more than a percentage point, a sign it won’t rush to resume interest-rate cuts after a two-month pause.