Analyst Nicholas Fawell from Capital Economics said that the possibility of a rate cut in Turkey this month seems unlikely, as the slowdown in inflation is lower than expected. Data released on Tuesday showed that prices rose by 47.1% in November, only slightly lower than the inflation rate in October. This means that the year-end inflation rate seems to be higher than the central bank's expectation of 44%, making it more likely that interest rate setters will keep rates unchanged at the policy meeting in December. Fawell predicts that the Central Bank of Turkey will start cutting rates in the first quarter of 2025.