Feature: Persistent high inflation tests patience of ordinary Turks
By Burak Akinci
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By Burak Akinci
Eager to regain Istanbul and other major cities from the opposition, Erdogan is expected to turn to populist policies again ahead of local elections next spring.
The Turkish government on Wednesday lowered its economic growth forecasts while raising its expected inflation rate for the upcoming three years in its annual Medium-Term Program.The country's
Turkey’s President Recep Tayyip Erdogan said “tight monetary policy” was needed to slow inflation, in an apparent change in stance for a leader who’s long frustrated investors by championing ultra-low borrowing costs.
Türkiye’s new medium-term program will include updates to macro indicators and public policies, and will cover pledges for robust structural reforms and...