BIST 100 99.677 % 1,76
USD/TRY 5,3409 % 0,34
EUR/TRY 6,0708 % 0,26
Piyasalar
99.677
% 1,76
5,3409
% 0,34
6,0708
% 0,26
1,1360
% -0,08
18,09
0,05
1.282,13
% 0,13
60,95
% -2,85
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Falling inflation paves the way for further rate cut

The Turkish Central Bank is expected to be more relaxed in terms of inflation ahead of this month policy meeting

Falling inflation paves the way for further rate cut
05 10 2016, 15:55

Annual consumer inflation falling to the lowest level in over a year is expected to give more leeway to monetary policy makers to cut borrowing costs this month.

The annual inflation rate dropped from 8,05 percent in August to 7,28 percent last month, lower than the lowest forecast in a Bloomberg survey, where the median estimate was 7,87 percent.

“The central bank is probably more relaxed after this inflation report and could reiterate its year-end forecast of 7,5 percent" Oyak Menkul Değerler chief economist Mehmet Besimoglu said. “It should also allow the bank to deliver this month another measured and cautious cut to its overnight lending rate, which means a 25-basis-point reduction.”

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