CBRT dodging inflation duty, Poland’s tax proposals

CBRT dodging inflation duty, Poland’s tax proposals

Turkey’s central bank raised its inflation forecasts this week and Governor Kavcioglu’s comments suggest that policymakers are unlikely to step up to the plate in the fight against inflation. Meanwhile, further details of the “Polish Deal” published this week suggest that policymakers' focus is on increasing demand rather than the economy’s supply potential, increasing the risk of overheating.
Jason Tuvey Senior Emerging Markets Economist
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