🇹🇷 Turkey Stays Hawkish 🔥 | Tight Policy to Crush Inflation
Turkey’s Vice President Yilmaz confirmed that the country will maintain tight monetary policy and strict fiscal discipline as it pushes to bring inflation down further.
📊 Key Inflation Data (January):
CPI MoM: +4.84% (above expectations)
CPI YoY: 30.65%, continuing its decline
Inflation has fallen 45 percentage points since May 2024, but officials say this is not enough
⚠️ Price pressures were driven by New Year adjustments and rising food & non-alcoholic beverage costs. Authorities remain focused on reducing consumer prices and anchoring inflation expectations.
SAND
0.0826
-1.66%
SOL
77.43
-4.38%
AXS
1.415
-8.41%
Macro Takeaway:
Hawkish stance remains • Inflation cooling but still elevated • Policy tightening stays in play
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