Turkey Governor to Bet Inflation Has Peaked: Decision Day Guide

Turkey Governor to Bet Inflation Has Peaked: Decision Day Guide
May 06 2021, 6:30 PM
May 06 2021, 9:30 AM
May 06 2021, 6:30 PM
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Turkey’s central bank is expected to leave its benchmark interest rate unchanged for a second meeting on Thursday after forecasting that inflation had reached its peak.
All 24 economists surveyed by Bloomberg predicted borrowing costs will be held at 19%. Turkish inflation accelerated for a seventh month in April, spurred on by a weak lira and rising global energy prices. But new bank Governor Sahap Kavcioglu predicted the pace of price gains would start dropping to 12.2% by the end of 2021.

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