A quick econ update

TURKEY - Report 09 Mar 2025 by Murat Ucer

Manufacturing PMI edged up slightly in February, but corroborated the ongoing stagnation in the manufacturing sector overall.

Turkstat’s seasonally-adjusted numbers for February inflation suggest, improvements notwithstanding, the road ahead for the CBRT will most likely be rather bumpy. Meanwhile, in the CBRT’s Market Participants Expectations Survey the yearend inflation forecast did not improve much, despite a better-than-expected February print, while participants, regardless, seem to anticipate another 500 bps cut from the CBRT in the two MPC meetings of the next three months.

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