Turkey Braced for Inflation Jump in Test for Peak Interest Rates

Turkish monthly inflation in January probably jumped the most since the summer, an acceleration that could test the new central bank chief’s resolve after his predecessor announced the end of a tightening cycle.

On the back of a sharp increase in the minimum wage and government tax adjustments, data due Monday will probably show price gains in January from a month earlier quickened to 6.5% after five consecutive monthly declines, according to the median forecast in a Bloomberg poll of economists.