Turkey's inflation cooled more than expected, boosting market bets on a CBRT
rate cut as early as September. The Turkish Statistical Institute said August
CPI YoY slowed for a third consecutive month to 31.5% from July's 31.8%. CBRT
Governor Fatih Karahan said in July that Q2 demand is cooling, which helps
offset some Iran‑war‑related inflation risks. As a net oil and gas importer,
Turkey remains vulnerable to conflict-driven energy‑price shocks.