# Turkey's benign underlying inflation supports December rate cut

> 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.

- Date: 2026-11-12 · published 2026-11-12T18:08:52.415Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/95833-turkey-s-benign-underlying-inflation-supports-december-rate-cut
- Commodities: [Turkey](https://feedsoft.ai/c/TURKEY.md)

## Why it matters

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.

## Sources

- think.ing.com: https://think.ing.com/snaps/turkey-benign-underlying-inflation-trend-supports-december-rate-cut/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.