Low Inflation in Turkey Reinforces the Direction of the Central Bank to Cut InterestSource: www.export-egypt.com 10/3/2016, Location: Europe |
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Turkish Minister of Development Lutfi Alwan said that the downward trend in the rate of core inflation in Turkey since February, has become more pronounced in September, reinforcing the direction of the central bank to continue cutting interest rates.
After the data show that the pace of consumer prices rose less than expected at 0.18 percent in September predicted Alwan in a press release that the swirling consumer price inflation by year-end level of about 7.5 percent target within the government program in the medium term. |
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