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Commerzbank expects Turkey's October CPI to show monthly inflation of about 2.1%, back above 2%, as oil prices rebounded and the remaining fuel-tax cushion was removed. The bank also expects the central bank to cut its one-week repo rate by 100bp later this month.
Istanbul CPI showed a third consecutive monthly acceleration.
Persistent inflation and rate cuts weaken the lira, which raises the lira cost of imported feed ingredients and energy for Turkish buyers. The effect on global feed prices is small.
fxstreet.comFXStreet Insights TeamNov 3, 2026
insigtx.cominsigtX EditorialNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
