Economics
Turkish Central Bank to Reckon With Inflation as Lira Casts Pall
- Murat Uysal set to unveil price-growth projections Wednesday
- Currency has been hitting a series of record lows this week
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Turkish central bank Governor Murat Uysal is expected to revise inflation forecasts upward after a series of surprise interest-rate decisions failed to bolster a lira weakened by policy steps and international spats.
With the currency hitting record lows, Uysal is contending with a pickup in price pressures before Wednesday’s unveiling of the central bank’s base-case inflation scenario through 2020 and the next year.