Economics
Turkey Set to Hike Rates as Inflation Risks Grow: Decision Guide
- Analysts expect an interest-rate increase of 100 basis points
- Governor faces another credibility test after hawkish pledges
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Turkey’s central bank is expected to resume interest-rate increases after rising oil prices and recent lira volatility sent inflationary risks climbing.
All but one of the 24 economists surveyed by Bloomberg predict borrowing costs will be raised by 100 basis points to 18% on Thursday. Turkish inflation accelerated for a fifth month in February on an oil rally and the lingering impact of last year’s lira weakness, fueling expectations the central bank will try to rein in prices by raising interest rates.