Turkey’s headline inflation rate rose to a stronger-than-expected 48.7% y/y in January due to the effects of the recent collapse in the lira and large hikes to energy tariffs and it is likely to stay close these high rates throughout much of this year. While that may prompt the central bank to leave interest rates on hold over the coming months, pressure from President Erdogan means that rate hikes are off the cards.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services