[ad_1] Turkey’s inflation jumped to its highest level since November 2022, driven by higher housing and utilities prices ADVERTISEMENT Turkey’s year-on-year inflation report for December 2023 came out today (3…
Tag: Turkish economy
Turkey pushes interest rates up to highest level since 2003
[ad_1] The central bank said that rocketing inflation was above expectations in the past couple of months and that to combat the trend, more interest rate hikes are likely. The…
Erdoğan now backs plan that includes raising interest rates: minister
[ad_1] Inflation in Turkey is running at nearly 60%, according to official figures, although independent economists say the real rate is much higher. Turkish President Recep Tayyip Erdoğan , long…
Inflation in Turkey jumps to 59%
[ad_1] Inflation reached 58.9% year-on-year in August in the country, the highest since December 2022, according to official data published on Monday. While prices increased almost 60% compared to last…