_turkey39s-inflation-rate-surges-to-an-alarming-70-central-bank-implements-massive-50-rate-hike.jpg "Turkey's Inflation Rate Surges to an Alarming 70%, Central Bank Implements Massive 50% Rate Hike from modesm combat Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 980K times
✓ Published: 04-May-2024
👁 View: 980K times
✓ Published: 04-May-2024
Description:
Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_modern-combat-5-trailer.webp "Modern Combat")
_earth-defense-force-6-124-release-date-trailer.webp "Watch the Earth Defense Force 6 release date trailer. Earth Defense Force 6 is a third-person action shooter developed by Sandlot. Picking up after the events of Earth Defense Force 5, humanity continues to combat the Primers in intense battles to ensure their survival. Players can choose from Ranger, Air Raider, Wing Diver, and Fencer classes armed with new abilities and a diverse arsenal to reign victorious throughout the game's new missions.<br/><br/>Earth Defense Force 6 is launching on July 25 for PlayStation 4 (PS4), PlayStation 5 (PS5), and PC.")
_modern-combat-3-fallen-nation-launch-trailer.webp "Gameloft")
_modern-combat-4-launch-trailer.webp "IGN")
_modern-combat-5-blackout-switch-review-ancient-combat.webp "SwitchUp")
_doom-eternal-ost-the-only-thing-they-fear-is-you-mick-gordon-doom-eternal-theme.webp "Revive Music")
⏲ 6 minutes 53 seconds 👁 4.7M
_russia-plans-tactical-nuclear-weapons-exercise-as-39response39-to-western-39provocative-statements-and-threats39.webp "The Russian defense ministry has ordered the exercise under the directive of President Vladimir Putin, Reuters reported on Monday. The exercise, designed to test the combat readiness of non-strategic nuclear forces, will involve missile formations in the Southern Military District and naval forces.")
⏲ 0:57 👁 80K
_metal-slug-1-full-walkthrough.webp "Rulep")
_modern-combat-5-trailer.jpg)
_earth-defense-force-6-124-release-date-trailer.jpg)
_modern-combat-3-fallen-nation-launch-trailer.jpg)
_modern-combat-4-launch-trailer.jpg)
_modern-combat-5-blackout-switch-review-ancient-combat.jpg)
_doom-eternal-ost-the-only-thing-they-fear-is-you-mick-gordon-doom-eternal-theme.jpg)
_russia-plans-tactical-nuclear-weapons-exercise-as-39response39-to-western-39provocative-statements-and-threats39.jpg)
_metal-slug-1-full-walkthrough.jpg)
![[+]](/images/menu.gif){kind=small}