Turkey cuts policy rate after indicators point to an increase in inflation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
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Source: SeekingAlpha
Turkey's Central Bank Rate Cut: The Central Bank of the Republic of Türkiye has reduced its policy rate by 250 basis points to 45%, citing a decrease in underlying inflation trends but anticipating an increase driven by service prices.
Monetary Policy Outlook: The central bank emphasizes maintaining a tight monetary stance to support disinflation, with future policy rates being adjusted based on realized and expected inflation trends.
Analyst Views on TUR
Wall Street analysts forecast TUR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TUR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.080
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Current: 39.080
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
