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Posted 16 hours ago
Turkey July CPI eases to 31.75% YoY, below forecast
Turkey's July inflation came in at 31.75% year-over-year, down from 32.11% in June and slightly better than the 31.90% forecast. The modest miss suggests disinflation momentum, supporting a potential continued easing bias from the Central Bank of Turkey. USD/TRY traders will monitor if this validates rate-cut expectations.
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13 hours ago
Turkish annual inflation eases in July, underlying pressures rise
Turkey's July CPI came in lower than forecast, allowing headline annual inflation to continue its downtrend. However, seasonally-adjusted monthly inflation accelerated, signaling persistent underlying price pressures. USD/TRY traders should monitor whether the Central Bank of Turkey interprets this mixed signal as justifying further rate cuts or a policy pause; hawkish hold risks TRY strength.
https://think.ing.com/snaps/turkish-cpi-undershoots-but-seasonally-adjusted-inflation-picks-up-in-july/New to MyTradingLand?
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