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Central Bank of Türkiye reports declining inflation and rising Lira deposits
Central Bank of the Republic of Türkiye Governor Fatih Karahan addressed the Turkish Grand National Assembly, stating that the disinflation process continues despite a loss of momentum caused by geopolitical uncertainties and energy price shocks. Karahan noted that the main trend of inflation has been declining since July and expects the process to regain momentum as shocks subside, provided the tight monetary policy stance is maintained.
Regarding financial markets, Karahan reported that outflows from money market funds have largely shifted toward bank deposits. This trend has accelerated since the second quarter, driving the share of Turkish Lira deposits to over 61 percent of total deposits. He emphasized that the preference for the Lira remains consistent with its current market share.
In September, annual consumer inflation in Turkey fell to 29.73 percent, dropping below the 30 percent threshold for the first time since November 2021. While energy prices saw significant increases, other sectors like food experienced more stable or declining price trends. The Central Bank remains committed to using all necessary tools to achieve price stability.
Entities
BBVA Research · Capital Markets Board of Türkiye · Central Bank of Turkey · Central Bank of the Republic of Turkey · Central Bank of the Republic of Türkiye · Commerzbank · Fatih Karahan · Grand National Assembly of Turkey · Grand National Assembly of Türkiye · S&P Global Ratings · TBMM Plan and Budget Commission · Turkey
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] The share of Turkish Lira deposits within total deposits rose above 61 percent. www.cnbce.com · dokuz8haber.net · alkuwaitnews.net · www.kentgazetesi.com · www.sesgazetesi.com.tr
- [● 8 SOURCES] The Central Bank will maintain a tight monetary policy stance until price stability is achieved. www.cnbce.com · www.guneydoguekspres.com · www.aksiyon.com.tr · www.aydinlik.com.tr · www.biganinsesi.com · +3 more
- [● 2 SOURCES] Money market funds saw a decrease of 634 billion TL over a four-week period ending September 25. www.sabah.com.tr · www.yenicaggazetesi.com
- [● 9 SOURCES] Annual consumer inflation reached 29.73 percent in September. www.guneydoguekspres.com · www.haberport.com · www.aksiyon.com.tr · www.aydinses.com · www.gazeteabc.com · +2 more
- [● 9 SOURCES] Geopolitical uncertainties and supply-side shocks have impacted the disinflation process. www.cnbce.com · www.guneydoguekspres.com · www.aydinlik.com.tr · www.yenisafak.com · alkuwaitnews.net · +4 more
- [● 2 SOURCES] The policy interest rate is set at 37 percent. www.haberport.com · www.aksiyon.com.tr
- [● 9 SOURCES] The main trend of inflation has shown a decline since July. www.cnbce.com · www.guneydoguekspres.com · www.aksiyon.com.tr · www.aydinlik.com.tr · www.biganinsesi.com · +3 more
- [● 15 SOURCES] Outflows from money market funds have largely shifted toward bank deposits. www.cnbce.com · dokuz8haber.net · www.haber16.com · www.aydinlik.com.tr · www.yenicaggazetesi.com · +6 more
- [● 6 SOURCES] The disinflation process is continuing despite a loss of momentum. www.biganinsesi.com · www.kentgazetesi.com · www.cnbce.com · www.gazetezebra.com.tr · www.aydinlik.com.tr
- [● 5 SOURCES] The share of Turkish Lira deposits in total deposits rose to over 61 percent. alkuwaitnews.net · alsaudi.news · www.aljazeera.net · www.cnbce.com · dokuz8haber.net
- [● 10 SOURCES] Central Bank Governor Fatih Karahan stated that the disinflation process continues despite a loss of momentum. alkuwaitnews.net · alsaudi.news · www.biganinsesi.com · www.borsagundem.com.tr · www.kentgazetesi.com · +5 more
- [● 5 SOURCES] Annual consumer inflation in Turkey fell to 29.73 percent in September. alkuwaitnews.net · alsaudi.news · www.aydinses.com · www.gazeteabc.com · www.yorumla.net