Posted inGermany, Middle East, Turkey, World

Turkey’s central bank out of options as core inflation reaches 13-year high

The measure of Turkey’s consumer prices that excludes volatile food and energy data has hit a 13-year high, according to Bloomberg, casting doubt on the sustainability of Erdogan’s cheap credit boom. The worse than expected core inflation rose an annual 11.8% in October, the highest number since January of 2004. As Deutsche Welle writes, the […]

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