- Annual consumer-price growth eased to 31.5% in August from 31.8% in July, marking a third straight monthly decline.
- The reading was below the 31.6% median estimate from 17 economists surveyed by Bloomberg.
- The softer inflation data increased expectations for an interest-rate cut as early as September.
Quotes
“Turkish inflation slowed more than expected last month, strengthening the case for an interest-rate cut as early as September.”