UN warns about Turkish inflation ...News

The country’s program to slash interest rates sent prices to a 24-year high last year The UN expects inflation in Türkiye to fall to an average of 42.4% by the end of the year, much higher than the country’s own official projections, The World Economic Situation and Prospects report, published on Wednesday, says. Results reported in the UN study cast doubt on the country’s program to tackle inflation by slashing interest rates. Türkiye began easing rates in 2021 in an effort to support economic growth, to boost exports and investment as well as to fight unemployment. The policy, however, led to a crisis with natio

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