All eyes will be on October inflation in the new week. The general market expectation is that monthly inflation will be above 2.5%. The official numbers will be announced at 10am tomorrow.
Tomorrow all eyes will be on October inflation. In September, inflation was much higher than expectations, at 3.23% monthly and 33.29% annually. October inflation will be announced at 10:00 tomorrow. WHAT ARE THE EXPECTATIONS? The general market expectation is that inflation will be above 2.5%. In a survey of domestic market participants, the October inflation forecast was 2.34%. The rate was at 2.05% in the previous estimate. ANTI-INFLATION October inflation is also a compass for the Central Bank's policy. Although the Central Bank reduced interest rates by 1 point in its most recent meeting, it still maintained the message of a strict stance in the fight against inflation. The 4th inflation report of the year will be published on Friday, November 7. Central Bank Governor Fatih Karahan's messages and possible forecast changes will be closely watched.
