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The Turkish central bank resumed rate cuts last month, lowering its policy rate by 100 basis points to 36%. October monthly inflation came in at 2.58%, above consensus, and annual inflation ticked up to 29.77%.
Sticky inflation and uncertainty over oil prices make the December rate decision unclear, which bears on lira direction and the cost of imported feed inputs in Turkey.
Not 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.