Arab Today, arab today turkey’s inflation falls by 041
Last Updated : GMT 13:05:29
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

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
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
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