According to Odaily, Conotoxia analyst Bartosz Sawicki reported that Turkey's overheated economy is finally beginning to cool down. Data released on Monday indicates that the annual inflation rate for July has decreased significantly, marking the largest drop in over a year and a half, with the rate now around 62%. This improvement follows last year's substantial tightening of monetary policy, which is now showing its effects. As underlying price pressures continue to ease, inflation rates could potentially fall below 50% this quarter. However, despite these positive signs, the Turkish Central Bank is unlikely to rush into cutting interest rates, especially if it is compelled to revise its inflation forecast for the year upwards.