Turkish Inflation Pick-Up Increases Rate Hike Chances
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Turkish inflation accelerated for a fifth month in February on an oil rally and the lingering impact of last year’s weakness, fueling expectations the central bank will try to rein in prices by raising interest rates.
Consumer prices increased an annual 15.6% in February, more than the median estimate of 15.4% in a Bloomberg survey of 21 economists, all of whom predicted an acceleration.