The jump in Turkish inflation last month to 10.7% y/y means that the interest rate cuts we had expected before the end of the year are looking less likely. That said, we still expect the headline inflation rate to fall again later this year as the impact of previous weakness in the lira unwinds.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services