Turkey Inflation Cools More Than Expected, Raising September Rate-Cut Bets

According to Jin10, Turkey's inflation cooled more than expected, strengthening market expectations that the Turkish central bank could cut rates as early as September. Turkey's statistical institute said on Thursday that consumer prices rose 31.5% year on year in August, slowing for a third straight month from 31.8% in July. Turkish central bank Governor Fatih Karahan said last month that second-quarter demand was cooling, helping offset some inflation risks related to the war with Iran.