Economics
Turkey’s Central Bank Lifts Inflation Outlook Amid Lira Rout
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Turkey’s central bank raised its inflation projections for the end of this year by more than three percentage points, after a series of surprise interest-rate decisions failed to bolster a lira weakened by policy steps and international spats.
Consumer-price growth will finish the year at 12.1%, compared with a previous forecast of 8.9%, Governor Murat Uysal said Wednesday in Istanbul as he unveiled the final inflation report of 2020.