Skip to content
Subscriber Only
Markets
Economics

Turkish Central Bank Pledges Policy Action to Stem Inflation

  • Bank makes announcement after August inflation report
  • Price gains last month were broad-based, led by weak lira
Video player cover image
Turkey will get worse before it gets better, says Peter Kinsella, senior FX & rates strategist at CBA Europe.(Source: Bloomberg)
Updated on

Turkey’s central bank signaled higher interest rates are in the offing after inflation rose more than forecast in August and producer prices surged.

The lira briefly erased losses after the announcement.