Turkish Inflation Rate MoM (Jan) M/M 4.84% vs. Exp. 4.32% (Prev. 0.89%)
The Turkish inflation rate came in significantly above expectations for January, registering a monthly increase of 4.84% versus the anticipated 4.32%.
BOK Minutes suggests one board member said further rate cuts should only be considered after risks related to FX and housing markets ease
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Turkish Inflation Rate MoM (Jan) M/M 4.84% vs. Exp. 4.32% (Prev. 0.89%)
Nintendo (7974 JT) President says memory price rises not having a major impact on earnings
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This notable deviation from both estimates and the prior month's figure suggests potential upward pressure on monetary policy, raising concerns about future rate hikes and implications for currency stability amid already high inflation levels.
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