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Free AccessTURKEY: 12-Month Inflation Estimate Falls, Year-End Estimate Creeps Higher
- Turkey's next 12-month inflation estimate fell to 28.71% in August from 30.02% in July, according to the CBRT’s latest survey of market participants. The next 24-month estimate also fell, to 19.30% from 19.32%, while the year-end estimate rose to 43.31% from 42.95% in July. The full-year GDP growth estimate was unchanged at 3.4%.
- Bloomberg report that Turkey’s parliament will hold an extraordinary meeting today to discuss whether to restore membership of a jailed opposition lawmaker. The case has been closely watched as a test of rule of law after the country’s top court recently ruled that his unseating was “null and void.” Parliament is scheduled to convene at 12:00BST/14:00 local time.
- According to the Banks Association of Turkey, finance loans for infrastructure and investments fell in the first half of the year, Ekonomi report. Data showed the risk balance of project-finance loans decreased by 5% compared with the end of last year.
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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.