This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Turkey’s Inflation Eases to 52% in August
September 4, 2024
Turkey’s inflation eased, albeit still high at 52% YoY in August from 62% in July, in-line with analysts’ forecasts. This comes on the back of the continued high level of interest rates, with the policy rate currently at 50%. For context, its policy rate has risen from 8.5% in June 2023 to 50% at present. It is also to be noted that the latest easing in inflation is also due to the impact of the base effect. While inflation has come down, it still is more than 10 times the central bank’s official target. Turkish officials are aiming to reduce inflation to 38% by the end of the year. The central bank has also recently indicated that they are not in a hurry to cut rates anytime soon.
Turkey’s dollar bonds held steady with its 2028s and 2029s yielding over 6.7%
For more details, click here
Go back to Latest bond Market News
Related Posts:
Turkey Nears Bond Sale to ADQ; Dollar Bonds Trend Higher
November 27, 2023
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.