(RTTNews) - Declining inflation coupled with the recent weakness in lira might well have closed the door for further monetary easing in Turkey, Danske Bank Research said in a note on Wednesday. Turkish inflation dropped to 5.08% year-on-year in October from 5.3% in September, a smaller decline compared with the 4.3% drop expected by the firm. Danske Bank economists had expected quite a strong base effect to have lowered inflation in October significantly. “Inflation is now likely to have bottomed and we now expect it to rise above 6.50% in the coming quarters.”

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