Rising inflation in Turkey puts rate hike option back in focus ...Qatar

Turkish inflation rose above 15% in February to levels it last hit in mid-2019, according to data yesterday that could prompt the central bank to raise the highest interest rates of any major economy even higher. Consumer prices rose 15.61% year-on-year and 0.91% from January, the Turkish Statistical Institute said. Both figures were higher than forecasts of 0.7% and 15.39%, respectively, in a Reuters poll. Stuck in double digits for most of the last four years, inflation has edged higher for four straight months despite the central bank, under new governor Naci Agbal, hiking its key rate to 17% from 10.25% since November. That has given Turkey the tightest monetary policy of any major deve

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Last updated : 03 March 2021 clock 10:16 PM

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Rising inflation in Turkey puts rate hike option back in focus ...Qatar

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