Suddenly Inflation Isn't Turkish Central Bank's Only Worry
By Cagan Koc
April 2, 2019, 11:15 AM EDT Updated on April 3, 2019, 3:18 AM EDT
It took an upheaval in the currency to shift the Turkish central bank’s focus away from inflation.
With annual price growth stalling at just under 20 percent, it may not dictate policy again until calm returns to financial markets roiled last week by close-fought municipal elections. Data on Wednesday showed annual inflation at 19.71 percent in March, little changed from February.
More:Suddenly Inflation Isn't Turkish Central Bank's Only Worry - Bloomberg