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CBRT sees Sustainable Disinflation from 2024

TURKEY
  • Speaking in support of last week’s policy statement, CBRT governor Erkan spoke to AA on Friday, stating that the CBRT are implementing its roadmap to fight inflation and will persist with gradual and decisive steps to lay the groundwork for sustainable disinflation in 2024.
  • President Erdogan is set to chair a party meeting later today, following reports over the weekend that Turkey and Saudi Arabia are set to discuss boosting trade ties further after a meeting of trade ministers at the G20. Another step in repairing bilateral relations, as Ankara look to bolster international economic ties.
  • Q2 GDP data crosses later this week, with markets expecting Y/Y growth to slow to 3.1% from 4.0%, while Q/Q picks up to 2.3% from 0.3% previously.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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