Annual price growth in Turkey decreased from 47.1% in November to 44.4% in December. According to the regulator, preliminary data indicate that the cost of goods and services increased in January according to forecast values.
Statistics from the last quarter indicate that domestic consumption is showing a downward trend.
Photo: ru.freepik.com
In the future, the Central Bank of Turkey plans to make decisions on adjusting the main interest rate so that the inflation rate is 5% in annual terms over the medium term.
At the previous meeting, on December 26, 2024, the regulator reduced the base rate from 50% to 47.5%. The decline occurred for the first time in almost two years.
