Story perspectives
Turkey's Inflation Surges to 33.29%, Lira Hits Record Low
10/4/2025
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Story summary
- Turkey's inflation rose to 33.29% in September, exceeding expectations and raising concerns about the central bank's easing.
- Inflation was driven by sharp increases in food, housing, and education.
- Monthly inflation reached 3.23%, above the 2.6% forecast.
- The lira traded at a record low of 41.685 per dollar.
- Morgan Stanley expects further rate cuts, but only 200 basis points this month.
