Turkey Rules Out Early Rate Cuts, Maintains Focus on Monthly Inflation

Turkey’s central bank has announced that it will maintain its restrictive monetary policy until there is a sustained reduction in monthly inflation. This decision highlights the bank’s commitment to avoiding premature interest rate cuts. For more details:

https://www.bloomberg.com/news/articles/2024-08-08/turkish-central-bank-keeps-year-end-inflation-outlook-unchanged?srnd=phx-economics-central-banks