- Turkish annual consumer inflation slowed last month from a 15-year high in October, dropping to 21.6% from 25.2%, suggesting the central bank's September rate hike is rippling through the economy.
- The lira strengthened after the report and was trading 1% higher at 5.1629 per dollar, though some fear the sudden downturn in prices bring with it the risk of an early loosening of monetary policy.
- ETFs: TUR, TKF