"Turkey's Inflation Stays Rapid, Making a Rate Increase Possible
June 2 (Bloomberg) -- Turkey's government probably failed to reduce the inflation rate last month, meaning the central bank may have to raise interest rates for the first time in almost five years, a survey of economists shows.
Consumer prices may have risen 8.8 percent in May from a year earlier and 0.9 percent from April, according to the median forecast of 16 economists surveyed by Bloomberg. The statistics agency will release the report at 4:30 p.m. in Ankara today."
More:Bloomberg.com: Europe
