Declining inflation coupled with the recent weakness in lira might well have closed the door for further monetary easing in Turkey, Danske Bank Research said in a note on Wednesday. Turkish inflation dropped to 5.08% year-on-year in October from 5.3% in September, a smaller decline compared with the 4.3% drop expected by the firm. Danske Bank economists had expected quite a strong base effect to have lowered inflation in October significantly. "Inflation is now likely to have bottomed and we now expect it to rise above 6.50% in the coming quarters."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.