Analysts: Türkiye's inflation is falling, but the central bank is unlikely to rush to cut rates

Conotoxia analyst Bartosz Sawicki wrote in a report that Turkey's overheated economy is finally starting to cool. Data on Monday showed that as last year's sharp tightening of monetary policy began to take effect, the annual inflation rate in July fell by more than a year and a half, and the inflation rate was about 62%. As underlying price pressures continue to ease, the inflation rate may fall below 50% this quarter. Still, the Turkish central bank is unlikely to rush to cut interest rates, especially if the central bank is forced to raise its inflation forecast for this year. (Jinshi)