The entry “European Central” demonstrates a growing concern about the uncertainty of trade

The annual consumer price inflation in the Turkic recorded a small decline in June last year; Which strengthened the possibility of the Central Bank to reduce interest after stopping in March 3 months of relief.

On Thursday, the data of the official Turkish Statistical Institute showed an increase in inflation by 1.37 percent on Thursday, while 35.05 percent were recorded in the annual calculus compared with 35.4 percent in May.

At the same time, the “inflation studies”, which includes a group of independent economists in the Turki, revealed a monthly increase in inflation by 3.05 percent and annual growth by 68.68 percent.

Expectations of cash facilitating

According to the Turkish Statistical Institute, an increase in 6 months reached 16.67 percent and within 12 months 43.23 percent.

The highest annual increase in three main groups of upper costs is 30.20 percent in food and non -alcohol drinks, 27.72 percent in transport and 65.54 percent in housing.

The influence of the main groups on annual changes reached 7.60 percent in food products, non -alcohol drinks, 4.51 percent in transport and 9.22 percent in housing.

The main inflation in June amounted to 35.64 percent compared to 35.37 percent in May.

There were slightly more inflation in June than previous expectations, since the expectations in the Bloomberg HT survey reached 1.6 percent on a monthly basis and 35.38 percent on an annual basis.

Economists expect that inflation, which are better than expected, will maintain expectations from a repayment of interest on reducing interest, enhances the demand for bonds and that the central bank can reduce the interest rate between 250 and 350 main points during the current July assembly.

The Turkish Central Bank retained the main interest rate in June, 46 percent unchanged, but left the door open to a possible reduction in borrowing costs if geopolitical risks calm down, and slowing down inflation continues.

The government is optimistic

The Minister of Treasury and Finance Mohamed Shimashk commented on the official figures announced for inflation, saying: “Reducing prices for basic goods, reducing market fluctuations, improving inflation expectations and supporting demand conditions will contribute to low inflation in the second half of the year.”

He said that thanks to his account in “X”: “Monthly inflation in June reached 1.37 percent, despite the high oil prices as a result of geopolitical tension, annual inflation decreased to 35 percent, the slowdown continued, and annual inflation in the service sector, which witnessed a large number of tables, decreased to 50 percent after 3 years.”

He added: “To calm our citizens; A noticeable slowdown in inflation began in many sectors, from food and consumer goods to formation, as well as from transfer to many other sectors, and this trend will continue. “

In turn, the Vice President of Turkey, Jawdat Yilmaz, said that low inflation and improved expectations continued low inflation without a break for 13 months from June 2024.

Ilmaz added, thanks to its account in “X” that inflation in consumer prices fell to less than 2 percent over two consistent months (1.53 in May and 1.37 in June), and inflation, which decreased to 35.05 percent in June, decreased by more than 40 degrees Celsius since June last year.

Yilmaz said: “We carefully monitor the potential consequences of geopolitical developments and increase protectionism in the field of global trade on the process of reducing inflation, and we conduct our tests based on all possible scenarios, in addition to monetary policy, we work to accelerate the inflation process, including the policy that we, politics, from with We support politicians, with financial policy, with financial policy. To the level of inflation, two twelve khanat at the end of the year and from one box in the coming period;