Inflation Trends Diverge in Turkey and South Korea

Turkey's inflation slows significantly due to high interest rates, while South Korea hits its target, paving the way for potential rate cuts.

Turkey's annual inflation dropped to 52% in August from 62% in July, influenced by high borrowing costs.
The Turkish central bank's shift to orthodox monetary policies has attracted foreign bond investors but strained local businesses.
South Korea's inflation rate fell to 2% in August, aligning with the central bank's target and raising the possibility of a rate cut.
The Bank of Korea has maintained its key rate at 3.5% and may consider a policy pivot in its October meeting.
Both countries face challenges: Turkey aims to further reduce inflation, while South Korea monitors housing prices and private spending.