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TURKEY: Inflation Expectations Decrease Across Sectors in September

TURKEY
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  • The central bank released sectoral inflation expectation data for September. 12-month-ahead annual inflation expectations decreased by 1.2 points to 27.5 percent for market participants, by 2.7 points to 51.1 percent for real sector, and by 1.5 points to 71.6 percent for households.
  • Finance Minister Mehmet Simsek told investors at a meeting in New York that tight fiscal policy will play a decisive role in the disinflation process, Bloomberg report citing a person with direct knowledge of the discussions. Simsek emphasised that spending discipline and a crackdown on the shadow economy will be central to policies, with no new taxes planned for the time being.
  • Hurriyet report that a meeting was held yesterday in Istanbul with participation from main opposition CHP executives and Mayor Ekrem Imamoglu’s lawyers regarding the judicial process on a legal case that might yield a political ban on the mayor. The lawsuit stems from allegations that Imamoglu insulted members of the Supreme Electoral Council during an appearance on a television program.
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  • The central bank released sectoral inflation expectation data for September. 12-month-ahead annual inflation expectations decreased by 1.2 points to 27.5 percent for market participants, by 2.7 points to 51.1 percent for real sector, and by 1.5 points to 71.6 percent for households.
  • Finance Minister Mehmet Simsek told investors at a meeting in New York that tight fiscal policy will play a decisive role in the disinflation process, Bloomberg report citing a person with direct knowledge of the discussions. Simsek emphasised that spending discipline and a crackdown on the shadow economy will be central to policies, with no new taxes planned for the time being.
  • Hurriyet report that a meeting was held yesterday in Istanbul with participation from main opposition CHP executives and Mayor Ekrem Imamoglu’s lawyers regarding the judicial process on a legal case that might yield a political ban on the mayor. The lawsuit stems from allegations that Imamoglu insulted members of the Supreme Electoral Council during an appearance on a television program.