CBRT: Core Inflation Trend Remained Nearly Flat in October

The Central Bank of the Republic of Turkey (CBRT) published its inflation assessment for October. The Bank stated that the underlying trend of inflation followed a nearly flat course on a monthly and three-month average basis. In the statement, it was expressed that consumer prices increased by 2.58 percent month-on-month in October, while annual inflation stood at 29.77 percent. It was noted that energy and unprocessed food groups stood out in price increases. The CBRT's assessment offers signals regarding the underlying trend of inflation, while emphasizing the impact of energy and food items on price dynamics. Not investment advice.

📊 EURTRY — Piyasa Yorumu

■ neutral · 55%

The Central Bank of the Republic of Turkey's (CBRT) assessment that the underlying trend is 'near-flat' does not signal a marked deterioration or improvement in inflation, which could have a neutral effect on the Turkish lira. The RSI at 53.7 is in neutral territory, and the price is trading above the SMA20/SMA50, giving a slightly positive technical picture, though the MACD is below its signal line. In the short term, direction uncertainty in EURTRY may persist, and the news alone is not a strong catalyst. Over a 1-3 day horizon, a sideways-to-choppy course is more likely.

RSI 14

53.7

MACD

0.06

24h Δ

0.28%

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