Jobs
Turkey Hikes Wages Again in Move That May Add to Price Pressures
- Move ‘meaningless’ if inflation doesn’t slow: union leader
- Economists differ on size of potential rate hike this week
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Turkey raised its minimum wage for a second time this year, potentially adding to inflationary pressures making the job of the country’s new economic team harder.
The monthly net minimum wage will rise by 34% to 11,402 liras ($483), Labor Minister Vedat Isikhan said in televised comments. That’s an increase of 107% from the end of last year.