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Turkish Bank Changes Course on Inflation Metrics, Cuts Rates

Turkish Bank Changes Course on Inflation Metrics, Cuts Rates

Turkey’s central bank delivered another 250 basis point cut to its key interest rate, lowering it to 45% while signaling more reductions ahead.

The bank altered its policy framework by removing monthly inflation metrics from its decision-making criteria, focusing instead on expected and realized inflation trends.

Despite inflation running at 44.4% in December, markets project a decline to 27% by year-end, though this remains above the central bank’s 21% target.

The challenge lies in balancing growth support – as Turkey faces technical recession – with managing inflation expectations, which currently exceed official projections.

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