Turkish Central Bank head signals shift away from headline inflation
Central Bank governor says extraordinary conditions increase importance of core inflation indicators.
Central Bank governor says extraordinary conditions increase importance of core inflation indicators.
New figures show yearly inflation rose to 19.25% in August, compared to 18.95% in July.
Policy rate, also known as one-week repo rate, stands at 19%, in line with market expectations.
Highest annual rise recorded 24.92% in food and non-alcoholic beverages.
Country’s year-end inflation rate estimated at 14.1% for this year, 7.8% for 2022, both up from bank's previous report.
Central Bank decides to maintain policy rate at 19% as expected by market.
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Consumer price index climbed 1.94% on monthly basis, per TurkStat.
Foreign currency, gold reserves up 2.3%, 7.4% on monthly basis in May, per official data.
Policy rate stays on course at 19%, in line with expectations.