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2025-12-12 16:58:46
[Turkish Central Bank Cuts Interest Rates Again by 150 Basis Points to 38%] ⑴ Amid a larger-than-expected drop in inflation, the Central Bank of Turkey announced another interest rate cut on December 11, lowering the benchmark rate by 150 basis points to 38%. ⑵ This move indicates the central bank is continuing its easing cycle after inflationary pressures eased. Turkey's inflation rose 31.07% year-on-year in November, the lowest level since the end of 2021. ⑶ In its statement, the central bank said that while inflation expectations and pricing behavior still pose risks, they have improved to some extent, with weaker food prices being the main reason for the lower-than-expected data for the month. ⑷ The central bank believes that the overall demand environment in the fourth quarter is conducive to a decline in inflation.
