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Turkey's central bank raised its 2027 inflation target to 21% from 15% and its 2028 target to 13.5% from 9%, and lifted its 2026 year-end forecast to 29.5% from 28%. Governor Fatih Karahan said underlying inflation is improving, with trend inflation about 6 points below annual inflation.
ING expects a further 100 basis point rate cut in December.
This is a monetary policy development with no direct effect on agricultural commodity supply or demand. The lira and rate outlook may affect the cost of Turkish feed and food imports.
think.ing.comMuhammet MercanNov 12, 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.
