Turkey’s Inflation Slowed More Than Expected Last Month
4 days ago · Turkey’s inflation rate fell more than expected last month, potentially making it easier for the central bank to cut interests rate again.. Prices rose by an annual 44.4% in December, compared ...
Turkish annual inflation falls more than expected to 44.38%
5 days ago · Turkish annual consumer price inflation fell more than expected to 44.38% in December, official data showed on Friday, with education, housing and restaurant prices leading the rise.
Turkey’s central bank lowers key interest rate to 47.5% - AP News
Dec 26, 2024 · ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by 2.5 percentage points to 47.5% on Thursday, carrying out its first rate cut in nearly two years as it tries to control soaring inflation.. Citing slowing inflation, the bank’s Monetary Policy Committee said it was reducing its one-week repo rate to 47.5% from the current 50%.
Turkey inflation rises to 67%, keeping pressure on cenbank
Mar 4, 2024 · Turkey's annual inflation rate climbed to 67.07% in February, exceeding expectations and keeping up pressure for tight monetary policy amid strong rises in food, hotel and education prices,...
Turkish inflation falls below 50% in boon to Erdoğan - Financial …
Oct 3, 2024 · Turkey’s inflation rate has fallen below 50 per cent for the first time in more than a year, underscoring how President Recep Tayyip Erdoğan’s economic turnaround programme is succeeding in...
Turkish inflation hits 75% but minister says worst is over
Jun 3, 2024 · Turkey’s official inflation rate hit 75.5 per cent last month amid increased spending by consumers undeterred by hefty interest rate increases, but the government said it believed price...
Turkish inflation rockets to almost 70%, shattering hopes of
Mar 4, 2024 · Inflation in Turkey surged to a 15-month high in February, surpassing expectations and fuelling fears of further rate hikes. The Turkish Statistical Institute announced on Monday that the country’s...
Turkey’s long hard struggle with inflation - The Economist
Oct 10, 2024 · Interest-rate increases that have totalled a whopping 41.5 percentage points have started to unwind Turkey’s inflation spiral, the result of earlier, reckless cuts.
Turkish delight as inflation rate dips, raising hopes of rate cuts
Sep 3, 2024 · Price rises are slowing in Turkey as the annual CPI rate fell to 51.97% in August, down from 61.78% in July. The country's statistics agency, which released the data on Tuesday, also recorded the...
Turkish inflation climbs to nearly 65%, with more rises expected
Jan 3, 2024 · Inflation in Turkey increased to 64.8% year on year in December, up from 62% in November. Monthly inflation dipped to 2.9% from 3.3%. The Turkish central bank has pivoted …