Turkey Inflation Returns to Double Digits and May Stay There
Bloomberg | Tue, Dec 3, 2019
by Cagan Koc
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Turkish inflation returned to double digits in November, possibly limiting the central bank’s ability to continue aggressively cutting interest rates.
Consumer prices grew 10.6% from a year earlier, compared with an increase of 8.6% in October, the Turkish statistics agency said on Tuesday. The median of 21 forecasts in a Bloomberg survey was 11%. Prices rose 0.4% in the month.
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