inflation

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Turkish inflation up more than expected to 14.6% – Reuters

FILE PHOTO: People wait in line to buy vegetables sold in a tent set up by the municipality in the Bayrampasa district of Istanbul, Turkey, February 11, 2019. REUTERS/Murad Sezer ISTANBUL (Reuters) -Turkish inflation edged higher than expected to 14.6% year-on-year in December as food costs jumped, official data showed on Monday, keeping pressure on …

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Turkey’s central bank raises interest rate to 17% – AP

ISTANBUL (AP) — Turkey’s central bank raised the benchmark interest rate on Thursday for a second time in a row under its new chief. The bank announced after its Monetary Policy Committee meeting that it was raising the one-week repo rate — the rate by which it lends to commercial banks — by 200 basis …

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Turkey battling trap of high interest rates, inflation, FX rate, Erdoğan says – Daily Sabah

“We are in a historic struggle against those who want to imprison Turkey in modern capitulations with the shackles of interest rates, exchange rates and inflation,” President Recep Tayyip Erdoğan said at a ceremony to commemorate the 82nd death anniversary of Mustafa Kemal Atatürk, the founder of modern Turkey.

Turkey will overcome political obstacles to continue to work on improving economic growth, employment and exports, Erdoğan stressed.