Turkish Lira Slips Most in Two Weeks After Inflation Accelerates

  • Annual consumer inflation accelerated to 8.79 percent in July
  • Lira declines as much as 1 percent against the dollar

Turkish Lira Tumbles on Inflation Data

Turkey’s lira fell after data showed inflation accelerated more than forecast in July, undermining confidence in the central bank’s resolve to control price gains that eat into returns on the nation’s assets. Stocks and bonds also dropped.

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