MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

LFS Employment Growth Exceeds RNS Estimates In Q2

Improvement In Industrial Confidence In Q2

US EIA:NAT GAS STORAGE +22 BCF TO 3,231 BCF JUL 19 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Inflation Expected to Moderate to 53.8% y/y (0700 GMT/1000 TRT)

TURKEY
  • Turkish inflation data is due today at 0700 GMT/1000 TRT, where prices are seen cooling from 64.27% y/y in December to 53.8% y/y in January, with the m/m figure expected at 4.00% (Prior: 1.18%).
  • Treasury and Finance Minister Nebati this week said January inflation will reflect the impact of higher minimum wages on consumer prices, but that deceleration will gain momentum from February onwards.
  • CACIB analysts estimate that sequential inflation has stood at about 35% over the past few months and that due to base effects, headline inflation should converge toward this. They see inflation possibly reaching close to 35% in April.
  • Speaking on Wednesday night in an interview with state broadcaster TRT, President Erdogan pledged further rate cuts ahead of his re-election bid this May. “There is a direct correlation between interest rates and inflation,” Erdogan said, citing the slowdown in Turkey’s consumer inflation as proof that his theory holds true. The comments have ramped up odds of a rate cut at the Feb 23 meeting, with Nebati adding yesterday that there will be no reversal of policy following the elections in May.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.