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.

2026-09-03

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.