Arab Today, arab today turkey’s inflation falls by 041
Last Updated : GMT 06:58:51
Arab Today, arab today
Arab Today, arab today

Turkey’s inflation falls by 0.41%

Arab Today, arab today

Arab Today, arab today Turkey’s inflation falls by 0.41%

Ankara - Arabstoday

Turkish consumer prices fell 0.41 per cent month-on-month in July, larger than the forecast drop of 0.07 per cent, the Turkish Statistics Institute said on Wednesday. The index rose 6.31 per cent year-on-year.Producer prices fell 0.03 per cent on the month, compared with a forecast rise of 0.80 per cent. The index rose an annual 10.34 per cent.The data was released shortly after Turkey’s central bank, battling a huge current account deficit and weakening lira, said it would hold an interim policy meeting on Thursday to assess concerns over the euro zone’s debt problems and global growth.The yield on the benchmark May 15, 2013 benchmark bond fell to 8.66 per cent after the inflation data from 8.71 per cent beforehand. Last week Central Bank Governor Erdem Basci said further lira depreciation could push up prices, but the bank held its 2011 and 2012 inflation forecasts steady and said it saw no reason to hike its policy rate.In its quarterly inflation report the bank maintained its year-end CPI forecasts at a mid-point of 6.9 per cent for 2011 and 5.2 per cent for 2012, and also kept its 2011 oil price assumption at $115.Since late last year the Central Bank has been following an unorthodox monetary policy based on lower interest rates to deter portfolio inflows and higher required reserve ratios to rein in domestic demand.The bank has been under pressure in recent months to abandon the policy which many analysts feel is simply not working and has left Turkey behind the curve in tackling inflation Turkey’s central bank, battling a huge current account deficit and weakening lira, will hold an interim policy meeting on Thursday to assess concerns over the euro zone’s debt problems and global growth, it said on Wednesday.The MPC, under fire from financial markets for refraining from more aggressive action to cool inflation and support the lira, will meet between 0700-0900 GMT and will announce its decision at 0900 GMT, the bank said in a statement.The lira firmed as far as 1.7120 against the dollar after the announcement from 1.7220 beforehand and was trading at 1.7170 at 0640 GMT. From / Gulf Today

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey’s inflation falls by 041 Arab Today, arab today turkey’s inflation falls by 041

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey’s inflation falls by 041 Arab Today, arab today turkey’s inflation falls by 041

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday