Category: Turkey

At a Glance CBRT cut another 250bp to 40.5%, defying expectations as September inflation jumped to 33.3%. The Lira hit fresh lows (EUR/TRY 48.9), even as FX reserves climbed to a record USD 176 bn and Ankara sealed a USD 4.9 bn swap line with the UAE.Unemployment ticked up to 8.5%, showing the soft-landing story…

Türkiye’s new medium-term programme stretches the disinflation path out to 2027, but still pitches a return to price stability as inevitable. The FX-protected deposit scheme is finally gone, the Lira is under pressure, and the central bank looks set to slow its easing cycle. Markets also welcomed the lifting of the short-selling ban, another step…

Türkiye has leaned back into stimulus this month, with the central bank delivering a bigger than expected rate cut and edging closer to scrapping its costly FX-protected deposit scheme. Inflation is slowing, the Lira has held broadly steady and Ankara is talking up a coordinated policy push to anchor the disinflation path.… Read the rest