- Turkey’s inflation jumped to a new 24-year high of more than 83% in September after the central bank cut interest rates despite a sharp rise in prices, official data showed.
- Turkey’s monetary policymakers are bucking a global trend for central banks to raise interest rates as part of a fight against inflation, as high lending rates cool the economy and prices.
- The official annual rate of increase in consumer prices reached 186.27% in September.
Bulgaria: Inflation in Turkey exceeded 83%
