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Turkish inflation hits 70%, expected to peak in May before counter-policies work

ALBAWABA - Turkey's annual rate of inflation climbed to 69.8 percent in April, according to the Turkish Statistical Institute on Friday, its highest lev

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Turkish Markets Swept Up in Relief Rally as Election Risk Passes

(Bloomberg) The lira appreciated, government bonds gained and the costs to insure Turkish debt against default fell after President Recep Tayyip Erdogan signaled support for status-quo economic policy. Most Read from BloombergA Million Simulations, One Verdict for US Economy: Debt Danger AheadTrump Media’s Business Doesn’t MatterErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownTrump Pays $175 Million Bond to Avert Asset

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Turkish Lira, Bonds Fall as Minimum Wage Hike Fuels Inflation Fears

Turkish Lira, Bonds Fall as Minimum Wage Hike Fuels Inflation Fears
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Turkey Rate Convergence May Allow Easing of Currency Restrictions

Turkey Rate Convergence May Allow Easing of Currency Restrictions
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Turkey s Mega Hike Has Most Analysts Cheering, Asking for More

(Bloomberg) The Turkish central bank’s unexpectedly hawkish interest-rate hike sparked a rally in the country’s assets on Thursday. The move impressed several market watchers, but also prompted questions about what it signals about future policy decisions. Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Ris

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