Story perspectives
Turkey's Inflation Hits 18-Month Low as Rates Cut
1/6/2025
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Story summary
- Turkey's inflation fell to 44.4% in December 2024, the lowest in 18 months, with seven months of decline.
- Consumer prices increased by 1.03% in December, influenced by education, housing, and restaurant expenses.
- The central bank reduced its key lending rate by 250 basis points to 47.5%.
- Finance Minister Simsek anticipates ongoing inflation reduction from monetary policy and reforms.
- Further interest rate cuts are expected in 2025.
