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Thursday, November 03, 2011

Turkish Inflation Surges on Lira Slide, Challenging Central Bank Policy - Bloomberg

Turkish Inflation Surges on Lira Slide, Challenging Central Bank Policy

By Ali Berat Meric - Nov 3, 2011 10:14 AM GMT+0200

Turkish inflation accelerated in October as the weaker lira and tax increases pushed price growth further beyond the central bank’s target for the year. Yields on benchmark bonds rose.

More:Turkish Inflation Surges on Lira Slide, Challenging Central Bank Policy - Bloomberg