Turkish central bank raises inflation forecast
(AFP) – 3 hours ago
ANKARA — Turkey's central bank raised its year-end inflation forecast of 5.3 percent to 6.2 percent in a sharp adjustment on Tuesday.
"We have updated our 2013 year-end inflation estimate 0.9 points up considering the exchange rate and developments in oil prices," the bank's governor Erdem Basci said in remarks broadcast live.
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