Turkish Markets Rally as Inflation Shows First Signs of Cooling Turkey’s inflation rate has unexpectedly decreased for the first time in eight months, dropping to 71.6% in June from 75.5% in May. This decline, which surpassed economists’ predictions, marks the beginning of a disinflation process following aggressive monetary tightening measures. The government bonds rallied in response, while the Turkish lira remained stable. Officials are optimistic about rapid disinflation in the coming months, with some experts predicting inflation could fall to around 50% by August. This turnaround is crucial for investors who have been increasing their holdings in Turkish assets, and it may influence future monetary policy decisions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation Reports and Retail Sales: Upcoming Key Indicators for Economic Health READ MORE Economists at Commerzbank Expect the Gold Price To Remain Supported READ MORE Surging Industrial Demand for Silver means Structural Deficit set to Intensify READ MORE Silver Prices Dip as Prospects of Early Fed Rate Cuts Diminish READ MORE Poll: Two-Thirds of Middle-Class Americans Struggle Financially READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment