Inflation & Prices
Turkey Inflation Dips Under 40%, Boosting Rate Cut Forecasts
- Annual inflation slowed more than expected in February
- The slowdown is boosting expectations for a rate cut this week
This article is for subscribers only.
Turkish annual inflation dipped below 40% in February, the lowest print in almost two years, ahead of an anticipated interest-rate cut this week.
Inflation slowed to 39.1% in February from 42.1% the prior month, state statistics agency TurkStat said. The median forecast in a survey of analysts by Bloomberg expected the rate at 39.9%, with estimates ranging between 39.5% and 40.3%.