Turkey’s Inflation Bedevils Economists As Rate-Cut Debate Returns
ISTANBUL–Turkey looks like it can finally deliver some good news on stubbornly high inflation. Data Wednesday showed the rate–stuck at about 9% for eight months, almost double the 5% target–rose less than analysts forecast for November. That’s got the central bank watchers talking, mainly about whether that means policymakers will now embark on a fresh round of interest rate cuts.
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