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Iran Revolutionary Guards Consultant Dies of Injuries in Israeli Strike on Damascus

Members of Iran's Revolutionary Guards march during a parade to commemorate the anniversary of the Iran-Iraq war (1980-88), in Tehran September 22, 2010. REUTERS/Morteza Nikoubazl/File Photo
Members of Iran's Revolutionary Guards march during a parade to commemorate the anniversary of the Iran-Iraq war (1980-88), in Tehran September 22, 2010. REUTERS/Morteza Nikoubazl/File Photo
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Iran Revolutionary Guards Consultant Dies of Injuries in Israeli Strike on Damascus

Members of Iran's Revolutionary Guards march during a parade to commemorate the anniversary of the Iran-Iraq war (1980-88), in Tehran September 22, 2010. REUTERS/Morteza Nikoubazl/File Photo
Members of Iran's Revolutionary Guards march during a parade to commemorate the anniversary of the Iran-Iraq war (1980-88), in Tehran September 22, 2010. REUTERS/Morteza Nikoubazl/File Photo

A consultant working for Iran's Revolutionary Guards has died from injuries sustained in an Israeli air attack on the Syrian capital Damascus on Monday, Iran's Student News Network reported on Thursday.
It identified the consultant as Majid Divani, without giving further details.
The attack appeared to be the same as one reported by Syrian state media, which said on Tuesday that three civilians were killed and nine others injured in an Israeli airstrike on the Syrian capital Damascus.
Syrian air defenses intercepted "hostile targets" over the vicinity of Damascus three times in a row in one night, following explosions that were heard in the capital, state media said on Tuesday.
When asked about the reported attack, the Israeli military said on Tuesday that it does not comment on foreign media reports.
Israel has been carrying out strikes against Iran-linked targets in Syria for years but has ramped up such raids since last year's Oct. 7 attack by Palestinian militant group Hamas on southern Israel.

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Türkiye Inflation Exceeds Forecasts, Tempering Rate Cut Expectations

Türkiye Inflation Exceeds Forecasts, Tempering Rate Cut Expectations
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Türkiye Inflation Exceeds Forecasts, Tempering Rate Cut Expectations

Türkiye Inflation Exceeds Forecasts, Tempering Rate Cut Expectations

Turkish annual inflation fell to 49.38% in September while the monthly rate was much higher than expected at nearly 3%, setting the stage for later than expected interest rate cuts by the central bank.

At 50%, the central bank's policy rate is now higher than the annual consumer price index (CPI) for the first time since 2021, marking a milestone in an aggressive tightening cycle meant to correct years of easy money and soaring prices.

But after prices came in higher than expected last month, boosted in part by education-related costs, some analysts said the bank was unlikely to be able to ease policy until December at the earliest and possibly not until next year.

The "data makes an interest rate cut this year look very unlikely to us," said Capital Economics in a note.

Month-on-month inflation was 2.97%, according to the Turkish Statistical Institute, above a Reuters poll forecast of 2.2%. Annual CPI was also higher than the poll forecast of 48.3%.

In August, monthly CPI was 2.47%, with the annual rate at 51.97%. The central bank is closely watching the monthly rate for signals of when to begin an easing cycle, though it has only dipped below 2% once this year, in June.

Last month, a Reuters poll showed a growing minority of analysts expecting a first cut next year, with the consensus settled around November and expectations of at least 20 points of easing by the end of 2025.

But Haluk Burumcekci, founding partner at Burumcekci Consulting, said the September data did not signal an imminent cut. Even if October inflation is in line with the central bank's guidance, he said, "it may not be sufficient" for a November cut.

-TIGHT POLICY

The domestic producer price index was up 1.37% month-on-month in September for an annual rise of 33.09%, the data showed.

The lira was slightly firmer at 34.18 against the dollar.

Annual inflation in September was driven by a 97.9% rise in housing prices, with education prices up 93.59%. The key food and non-alcoholic drinks sector prices were up 43.72%, below the overall level.

Last month the central bank held rates steady at 50% for a sixth straight month, saying it remained highly attentive to inflation risks. But it removed a reference to potential tightening, seen as a first signal that easing would eventually come.

The bank, which has hiked rates by 4,150 basis points since June last year, sees inflation falling to 38% at the end of this year and 14% next. In the medium term programme, the government sees end-2024 inflation of 41.5%.