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 Yen's Volatility Complicates BOJ's Rate Hike Plans, Minutes Show READ MORE China's Middle Class and Youth Turn to Gold as Traditional Markets Lose Shine READ MORE Iran’s Strike Against Israel: Gold Nears Record High READ MORE WGC: Gold Demand to Hit Record With Central-Bank Buying READ MORE How China's Youth Are Reviving the Precious Metal Market READ MORE Add a Comment Cancel replyYour email address will not be published.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