Turk­ish cbank says in­fla­tion to fall fur­ther

The Pak Banker - - Front Page -

ANKARA: Turk­ish con­sumer price in­fla­tion will slow fur­ther in the com­ing months, the cen­tral bank said. In­fla­tion in Novem­ber, which slowed to 7.3 per­cent from 8.6 per­cent a month ear­lier, con­firmed the Ankara-based lender's fore­casts of a slow­down, it said in an emailed state­ment to­day. Lower food prices were the main fac­tor in Novem­ber's per­for­mance, the bank said to­day. Core in­fla­tion mea­sures may start to show "limited" in­creases in months ahead, it said. -PB News

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