MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TURKEY: Inflation Lower Than Expected in December, May Support Further Easing

TURKEY
BulletEM BulletEmerging Market News
  • Headline inflation rose by 44.4% Y/Y in December from 47.1% in November, below expectations of a more gradual decline to 45.2%. Core CPI came in at 45.34% - a touch below expectations and the lowest print since May 2023 – while the M/M read more than halved to 1.03% (Est: +1.60%).
  • Given the importance policymakers have previously placed on the latter, the soft print may justify further rate cuts in the months ahead after the CBRT kicked off its easing cycle in December with a 250bp cut while switching to a more data-dependent stance. The central bank meet next on Jan 23.
  • Separately, Milliyet report that based on current data and estimates, a 12-18% salary increase for civil servants and retirees is expected this year.
  • President Recep Tayyip Erdogan announces preliminary trade data for December at 11:00GMT/14:00 local time while the central bank publishes weekly portfolio capital flows data at 11:30GMT/14:30 local.
149 words

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.
  • Headline inflation rose by 44.4% Y/Y in December from 47.1% in November, below expectations of a more gradual decline to 45.2%. Core CPI came in at 45.34% - a touch below expectations and the lowest print since May 2023 – while the M/M read more than halved to 1.03% (Est: +1.60%).
  • Given the importance policymakers have previously placed on the latter, the soft print may justify further rate cuts in the months ahead after the CBRT kicked off its easing cycle in December with a 250bp cut while switching to a more data-dependent stance. The central bank meet next on Jan 23.
  • Separately, Milliyet report that based on current data and estimates, a 12-18% salary increase for civil servants and retirees is expected this year.
  • President Recep Tayyip Erdogan announces preliminary trade data for December at 11:00GMT/14:00 local time while the central bank publishes weekly portfolio capital flows data at 11:30GMT/14:30 local.