Analysts see Central Bank easing at a slower pace after inflation data
Business
ANKARA After August inflation came in above forecasts, analysts are revising down their expectations for the size of the Central Bank ’s rate cut at next week’s policy meeting. Annual inflation eased to 32.95 percent last month despite a sharper-than-expected monthly rise of 2.04 percent, driven largely by surging food and services prices. The Central Bank will hold its next Monetary Policy Committee (MPC) meeting on Sep. 11, with markets now scaling back expectations for a large rate cut.
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