The liraization strategy. Consumer inflation at the end of 2021 remained above the uncertainty band set around the 5% target. Accordingly, attached we hereby submit to you the January 2022 Inflation Report, which explains the reasons for the significant deviation of inflation from the targeted path, along with the measures already taken and to be taken to achieve the targets, …
As cited from Bloomberg: Turkish inflation is expected to surge to a 19-year high in December, propelled by a slump in the lira and President Recep Tayyip Erdogan’s push for cheaper borrowing. Data due Monday will show consumer prices rose for a seventh straight month to an annual 27.36%, compared to 21.31% in November, according to the median estimate in …
Forex update: Turkeys Lira keep weakening against USD after the bloodbath triggered by Erdoğan using all the reserves to burn the Lira Shorts. USDTRY chart: Attachments USDTRY_2022-01-01_18-04-39 (92 kB)Erdogan Turkey Lira (44 kB)
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