Murat Ucer News Today

The central bank projects the high inflation can be lowered to single digits by 2026.

Investors expect inflation, which is at 40% annually, to reaccelerate later this year as winter fuel costs kick in.

The Turks are missing billions in foreign exchange reserves When a flood of placards and banners bearing the number 128 appeared this month, police quickly threw them out – arguing that President Recep Tayyip Erdogan had offended crime in Turkey. “Where’s $ 128 billion?” he asked the opposition People’s Republican Party (CHP) about the banners hanging in its offices across Turkey, citing the money the central bank has used to bolster the lira in recent years. Estimates vary widely dep...