A money changer in Ankara, capital of Turkey, counts Turkish lira banknotes at a currency exchange office. Source: AAP
Turkish inflation came above expectations in August, surging 18 per cent and touching its highest level since December 2003. The Central Bank of Turkey announced that it will raise interest rates. But, will it be sufficient? Economist and commentator Ugur Gurses, who has worked for The Central Bank of Turkey, comments on the issue.
Turkish inflation came above expectations in August, surging 18 per cent and touching its highest level since December 2003. The Central Bank of Turkey announced that it will raise interest rates. But, will it be sufficient? Economist and commentator Ugur Gurses, who has worked for The Central Bank of Turkey, comments on the issue.
