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VP Yilmaz Sees Single-Digit Inflation in 2026

TURKEY
  • Turkey's new 5-year USD Sukuk (Jan'29) bond may be priced today. Initial price talk is around the 8.875% area.
  • Structural reforms will help the government bring inflation down to single digits, Vice President Yilmaz said as per Hurriyet. “There will be a decline on an annual basis, we will see this towards the middle of 2024… We will reach single digits in 2026." The government prioritises the fight against inflation, he reiterated, adding that they will continue to take all necessary steps with determination.
  • The Ministry publishes cash budget data for October at 1430GMT/1730 local time. Industrial production and unemployment rate data are the highlights on the local data slate on Friday.

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