Turkey’s inflation: rate cuts on the agenda again
Many in Turkey began the New Year wishing for a brighter economic future, but it looks as though 2019 will be the same old same old.
December consumer price inflation (CPI) of 20.3 percent was met with virtual jubilation by Treasury and Finance Minister Berat Albayrak last week and he triumphantly announced the government’s end of year economic targets had been met. The official central bank inflation goal remains 5 percent and the central bank’s estimate for 2018 inflation at the start of the year was 7.9 percent.
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