Reported 5 months ago
Turkey's central bank is expected to maintain its benchmark interest rate at 50% amid projections of inflation reaching around 75% this month, despite having one of the fastest inflation rates globally. Economists predict that rates will start to fall by the end of the year as inflation is anticipated to slow down, with the central bank focusing on alternative tools to keep financial conditions restrictive. Although further rate hikes are not ruled out, a stable lira and improving reserves have supported disinflation, leading to a potential shift towards fiscal adjustments and alternative tightening tools in the future.
Source: YAHOO