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Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate
Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday, as she committed to “restore anchoring of expectations as well as predictability.” The new forecast is more than double the 22.3% outlined in the central bank’s last inflation report three months ago. Erkan said exchange rate developments, changes to economic policy, stronger-than-expected domestic demand, and a new forecasting approach had all contributed to the higher forecast. Appointed to the central bank on June 9, analysts suggested Erkan’s arrival — ... (full story)
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- Edited 12:28pm Jul 27, 2023 11:23am | Edited 12:28pm
- Zebi
- Joined May 2022 | Status: Member | 87 Comments
trade like the 5% contrarians not the 95% losers
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- Jul 27, 2023 11:55am Jul 27, 2023 11:55am
- Sovy
- Joined Jan 2023 | Status: Member | 142 Comments
Trading is gambling. So gamble responsibly.