Inflation unexpectedly plummets in Turkey

turkey

The Central Bank of the Republic of Turkey (CBRT) is willing to increase rates to ensure inflation continues to fall, according to a report released on January 31, after it plummeted unexpectedly by almost a third.

Year-on-year inflation fell to 6.2% in December, well below the central bank's forecast range of 7–8% and a 300-basis point drop from 9.2% in September.

Sevin Ekinci, head of Ekinci Economic Consulting, said the inflation drop was "very much" a surprise, as the European crisis and oil

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: