The German banking giant Deutsche Bank has forecasted that inflation will further decrease in Turkey. The bank predicts that the economic cooling in Turkey will continue. According to Deutsche Bank’s analysis of the Turkish economy, there will be a slowdown in economic activity in 2024. The momentum of decline in inflation is expected to persist for the remainder of the year. The bank has set Turkey’s growth forecast for 2024 at 3 percent. Due to the anticipated slowdown in domestic demand and the real appreciation of the currency, inflation is projected to decrease even further for the rest of the year. The bank has disclosed an end-of-year inflation forecast of 42 percent, with an expectation that inflation will drop to around 23 percent by the end of 2025. According to bank analysts, the Central Bank is expected to decrease its policy rate by 250 basis points in November. It is anticipated that the policy rate will be lowered to 4.5 percent by the end of the year.