Turkish central bank may act as inflation forecasts rise
Governor says he is ready to raise interest rates despite political pressure
The monetary policy committee (MPC) of the Central Bank of the Republic of Turkey says the country faces rising inflation and decreasing credit creation, raising the possibility of a rate hike.
Turkey's annual inflation rate rose by 81 basis points in September to 7.95%, according to the minutes of the central bank's latest monetary policy meeting, published today (October 28).
Governor Erdem Başçı told local media that he would be willing to raise interest rates if necessary, despite recent
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