Lira and in­fla­tion.

Kathimerini English - - Focus -

Turk­ish in­fla­tion could reach dou­ble dig­its in the first quar­ter for the first time in al­most five years af­ter the lira’s falls, two se­nior econ­omy of­fi­cials said yes­ter­day, po­ten­tially putting more pres­sure on the cen­tral bank to hike in­ter­est rates. The lira has dropped as much as 10 per­cent since the start of 2017, bat­tered by con­cern over Tur­key’s po­lit­i­cal and eco­nomic out­look – and doubts about whether the au­thor­i­ties will take de­ci­sive steps to ar­rest the slide.

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