Stock Exchange Reacted Positively to CBRT Inflation Report - Coinleaks
Current Date:November 7, 2024

Stock Exchange Reacted Positively to CBRT Inflation Report

Borsa Istanbul index BIST 100 started the day positive after the CBRT inflation report announced on Thursday.

CBRT Chairman Hafize Gaye Erkan, who appeared before the press for the presentation of the quarterly inflation report the other day, drew attention with her speech. Erkan, with his presentation, created the impression that he “dominates the subject” before the experts.

While implying that the next year will not be easy, the new owner of the CBRT seat pointed to 2025 for stability. The Central Bank revised its year-end inflation forecast to 58% in its 2023 3rd quarter inflation report. The expectations in the new CBRT report aligned with the general market for the first time in a long time. Former President Kavcıoğlu administration had estimated the year-end inflation as 25% in the last report.

Stock Exchange Breaks Record After Record!

Borsa Istanbul index BIST 100 started the last day of the week with a record in light of these developments yesterday. The index, which opened the day with 6,925 points, is hovering at 6,983 as of the moment.

Borsa Istanbul BIST 100 index.

After the Central Bank Governor Erkan’s presentation, banking and leasing indices stand out more than the average. The banking index XBANK has risen 4.52% since the beginning of the day.