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TURKEY: Simsek Sees Inflation Falling to “Thirties” in 1Q-2025

TURKEY
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  • Treasury and Finance Minister Mehmet Simsek sees inflation falling to the “thirties” in 1Q 2025 and likely to the “twenties” around June or July 2025, he said during an interview on CNNTurk.
  • Turkey's home sales rose 9.9% y/y in August versus +16.0% in July, according to the Turkish Statistical Institute. Meanwhile, the nation’s house price index rose 34.4% y/y in August, according to data from the central bank, or +3.6% in month-on-month terms.
  • Looking ahead, the CBRT rate decision takes focus on Thursday, where the central bank is widely expected to keep its one-week repo rate unchanged at 50%. Our full preview of the decision, with a summary of sell-side analyst views, will be released later today.
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  • Treasury and Finance Minister Mehmet Simsek sees inflation falling to the “thirties” in 1Q 2025 and likely to the “twenties” around June or July 2025, he said during an interview on CNNTurk.
  • Turkey's home sales rose 9.9% y/y in August versus +16.0% in July, according to the Turkish Statistical Institute. Meanwhile, the nation’s house price index rose 34.4% y/y in August, according to data from the central bank, or +3.6% in month-on-month terms.
  • Looking ahead, the CBRT rate decision takes focus on Thursday, where the central bank is widely expected to keep its one-week repo rate unchanged at 50%. Our full preview of the decision, with a summary of sell-side analyst views, will be released later today.