Inflation & Prices
Turkey Inflation Seen Near 84% as Erdogan Wants Even Lower Rates
- Bloomberg survey says annual CPI was probably 83.5% last month
- Erdogan wants interest rates cut to single digits by year-end
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Fueled by an experimental central bank policy that has chased away foreign investors and eroded the lira’s value, Turkish inflation likely accelerated last month to a level last seen in mid-1998.