ECB’s Cipollone Sees ‘Good Momentum’ for Digital Euro Project

Turkey's inflation fell more than expected last month, potentially making it easier for the central bank to cut interest rates again. That development reduces near-term upside pressure on local yields and is likely to influence the lira and investor positioning in Turkish fixed income and EM assets; monitor upcoming data and central bank guidance for timing of any cut.

Analysis

Turkey's inflation fell more than expected last month, potentially making it easier for the central bank to cut interest rates again. That development reduces near-term upside pressure on local yields and is likely to influence the lira and investor positioning in Turkish fixed income and EM assets; monitor upcoming data and central bank guidance for timing of any cut.