Turkish Prices Ease More Than Expected in Boost to Central Bank

Turkish inflation slowed more than expected in October, in a boost to the central bank’s determination to continue cutting interest rates.

Prices rose 32.9% in October in annual terms, more slowly than the 33.3% the prior month, national statistics office TurkStat said Monday. The median forecast in a Bloomberg survey of 18 estimates saw inflation stagnant at 33.2%.