Reported 2 months ago
Turkey's headline inflation is projected to experience the largest decrease in almost two years, with annual price growth falling to 62% in July from 71.6% in June. Economists predict a month-to-month inflation rate increase to 3.4%. While the central bank remains cautious about inflationary pressures due to rising costs of necessities like water and electricity, investor confidence is growing, leading to increased foreign ownership of Turkish assets. However, concerns about the credibility of monetary policy and potential political interference persist.
Source: YAHOO