Turkish swelling declined
reports Mehr News Agency February was 4.9 percent, down from 4.9 percent in January. The decline came as the Central Bank of Türkiye will make a new decision on interest rates this week.
One of the factors contributing to reducing inflation was the approval of a law to reduce medical costs in public hospitals that restricted prices growth. The Treasury and Finance Minister, Excellence Shimshak , on X-Social Network, announced that financial and income policies are helping to reduce inflation and maintain prices by implementing these policies.
The annual inflation in the food and non-alcoholic beverages also decreased by 4.9 percent, the lowest level since November 2. The Minister of Commerce, the life of the Bolet , described the decline as the result of government policies and careful oversight. However, education costs increased by 4.9 percent, the highest annual growth.
a monthly inflation rate of 4.9 percent was announced, which was lower than predictions. The producer’s inflation also reached its lowest level since December by 4.9 percent compared to the previous month.
Due to this reduction in inflation, expectations for lower interest rates have increased. Some analysts have predicted that the Turkish Central Bank will reduce interest rates by 4 base units at this week’s meeting. The publication of this data increased the value of Turkish banks.
