Emerging Europe Economics

Emerging Europe Data Response

3 September, 2018

Turkey Consumer Prices (Aug.)

Turkish inflation jumped again in August, reaching 17.9% y/y, and it is likely to rise even further over the coming months. The central bank has just stated that the inflation figures will prompt a change to the monetary stance at September’s MPC meeting, but this is likely to involve a rate hike of around 200bp rather than the 700-1000bp that the markets want to see.

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