Turkish central bank sees inflation outlook improving
Inflation undershot forecasts in latest period, having overshot them earlier in 2018
The outlook for inflation in Turkey is improving, the central bank says, though inflation was still over 20% in December.
The Central Bank of the Republic of Turkey published its latest inflation report today (January 30). Its previous forecast, in October, envisaged inflation of around 22% in December, even in the best-case scenario. The actual result was 20.3%.
“The decline in oil and other commodity prices, the tax cuts in a number of products, and the weak domestic demand, as well as the
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