Berat Albayrak, the Turkish Treasury and Finance Minister/Bloomberg

Economy

Turkish inflation to decline soon, says Albayrak

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Turkey’s headline consumer price index came in at an annual 19.5 per cent in April, down from its October peak of over 25 per cent, but still well above the central bank’s year-end forecast of 14.6 per cent.

Monday 13, May 2019

(Bloomberg) --Turkish inflation will decline significantly in the coming months, Treasury and Finance Minister said as he sought to play down a series of geopolitical concerns that have weighed down on the lira.

Berat Albayrak, the Turkish Treasury and Finance Minister said that inflation was already on a downward trend thanks to base effects, while the summer months will bring increased foreign currency revenues via tourism.

The lira has been the worst performer among emerging market (EM) currencies this quarter.

 

TAGS : emerging markets, Berat Albayrak, Turkish inflation

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