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Thndr Claps » Global Markets » Turkish Inflation Expected Above 30% in December🎈

Turkish Inflation Expected Above 30% in December🎈

by Shams Abbas
December 29, 2021

Turkey’s annual inflation rate is expected to hit 30.6% in December, according to a Reuters poll. 

More Details🧐 Turkey’s inflation was around 20% in recent months due to the Turkish lira (TRY) sliding to record lows amid aggressive volatility. Turkey’s central bank said that temporary factors were driving prices higher & expects inflation to follow a volatile course in the short term. 

Turkish inflation data is expected to be released on January 3rd, 2022.

Why is this Important🤔 The TRY fell as much as 2.6% on Wednesday after showing signs of rebounding last week. The drop comes as worries persisted over soaring inflation & President Erdogan’s unorthodox monetary policy.

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