Turkey’s disinflation matches soft landing targets
Date
12/11/2024 12:30:53 AM
(MENAFN) Turkey’s disinflation process is in line with the nation’s targets of a soft landing, marking a year of strict monetary law in its battle against inflation.
Everyone is concentrated on the policy volume conclusions to be made by the Turkey’s Central bank on the final days of the year and its statements on the upcoming year.
Zumrut Imamoglu, economist at the Bank of America Merrill Lynch, informed a Turkish news agency that the bank reviewed its year-close inflation expectations from 42 percent to 44-45 percent as a result of increasing food prices in Turkey, though she stated it was not a key review.
She noted that the development of inflation is on the correct path and the comprehensive anti-inflation program envelops many fields, pointing out that that the Central Bank’s narrowing cycle has been measured and it has not surprised the economy, yet there is still a waiting time.
Despite development numbers recording a situation that is strictly considered as a decline, it has in detail been a regular course, as she stated the Turkish economy is not experiencing a very severe emergency or a decline.
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