Reported 4 months ago
Turkey's inflation rate is approaching 75% in May, reflecting a series of economic challenges rooted in loose monetary policies, fiscal issues, and currency instability. Economists anticipate the inflation rate to drop to 38% by the end of the year, marking a significant decline from the current peak. The country aims to stabilize its economy through a combination of monetary tightening and fiscal adjustments while closely monitoring inflation for potential rate adjustments to guide its recovery.
Source: YAHOO