Analyst: Turkey's inflation is decreasing, but the Turkish central bank is unlikely to rush to cut interest rates

ChainCatcher news, Conotoxia analyst Bartosz Sawicki wrote in a report that Turkey's overheating economy has finally begun to cool down. Data released on Monday showed that the year-on-year inflation rate in July fell by more than it has in a year and a half, with the inflation rate around 62%, as the effects of last year's significant tightening of monetary policy began to take hold. As potential price pressures continue to ease, the inflation rate for this quarter could drop below 50%. Nevertheless, the Turkish central bank is unlikely to rush to cut interest rates, especially if it is forced to raise this year's inflation expectations.