Economics
Turkey Said to See Inflation Rate Peaking at About 40% in 2022
- Outlook follows aggressive rate cuts demanded by Erdogan
- Finance minister meets economists with inflation rate at 36%
Customers inside a coffee shop in Eskisehir, Turkey, on Jan. 18.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkish Finance Minister Nureddin Nebati told economists he expects the inflation rate to peak at about 40% in the months ahead and not to surpass 50% this year, according to people who attended.