The softer-than-expected Turkish inflation figure for March, of 38.1% y/y, suggests that the sell-off in the lira last month hasn’t exerted significant upwards pressure on consumer prices (yet). And as things stand, the central bank will probably be inclined to leave interest rates unchanged at its meeting later this month, rather than following up the interim rate hike in March with further tightening.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.