Analysts split on CBRT rate path after October inflation
The Central Bank of the Republic of Türkiye (CBRT) resumed easing last month after an eight-month break, cutting rates by 100 basis points to 36%, citing signs of deceleration in underlying inflation. October annual inflation ticked up to 29.77% from 29.73% in September, while monthly inflation was 2.58%, and analysts are divided ahead of the CBRT's Dec. 10 Monetary Policy Committee (MPC) meeting. ING expects another cut in December, while BBVA Research, Goldman Sachs and Akbank do not expect a cut.
What it means for companies
- The CBRT's next policy decision is tied to its Dec. 10 MPC meeting; analysts cited by the source are split on whether rates will be cut or held.
- The source flags the CBRT quarterly inflation report due Nov. 12, November inflation data, energy prices and reserve developments as primary factors shaping the December decision.
- October annual inflation ticked up to 29.77%, while monthly inflation was 2.58%, above market consensus; ING cited unprocessed food, energy and clothing as drivers.
Source: Daily Sabah (4 Nov 2026). This summary is for information only and is not tax, legal or investment advice.