_turkey39s-inflation-rate-surges-to-an-alarming-70-central-bank-implements-massive-50-rate-hike.jpg "Turkey's Inflation Rate Surges to an Alarming 70%, Central Bank Implements Massive 50% Rate Hike from card phrases and sayings Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 130K times
✓ Published: 04-May-2024
👁 View: 130K times
✓ Published: 04-May-2024
Description:
Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_top-20-inspiring-gratitude-quotes-124-thankful-sayings.webp "UNIQUE QUOTES")
_channelled-messages-from-your-person-pick-a-card.webp "Divine Empress Tarot 333")
⏲ 1 hour 50 minutes 42 seconds 👁 323
_humans-have-reshaped-earth39s-ecology-over-the-past-12000-years.webp "And now experts are saying this could change the way we think about conservation forever.")
_thank-you-quotes-notessayingsmessages.webp "Inspirational Love Quotes")
_top-20-inspiring-gratitude-quotes-124-thankful-sayings.jpg)
_channelled-messages-from-your-person-pick-a-card.jpg)
_humans-have-reshaped-earth39s-ecology-over-the-past-12000-years.jpg)
_thank-you-quotes-notessayingsmessages.jpg)
![[+]](/images/menu.gif){kind=small}