Turkey inflation above 16 per cent in test for new central bank chief

Publish April 6, 2021
banking

ISTANBUL: Turkey’s annual inflation climbed above 16 per cent in March for the first time since mid-2019, data showed on Monday, piling pressure on new central bank governor Sahap Kavcioglu to maintain tight policy after his surprise appointment.
Consumer prices were up 16.19 per cent year-on-year, higher than 16.11 per cent in a Reuters poll and 15.61 per cent in February. Inflation remains well above a 5 per cent official target and has been in double digits for most of the past four years.
Month-on-month CPI inflation was 1.08 per cent.

omanobserver

Latest Stories

Two service projects begin in capital Sana'a

2020-11-10 04:00:00

SANA'A, Nov. 09 (Saba) - Deputy Prime Minister for Services and Development Affaires Hussein Maqbouli and capital Sana'a"...
Read More

Tamkeen Development Program: Empowering Yemeni Communities

2020-11-01 04:00:00

The conflict in Yemen has caused immense suffering and financial devastation in disadvantaged communities, leaving many dependent"...
Read More

Hodeida distributes solar systems for IDPs

2020-10-26 05:00:00

HODEIDA, Oct. 25 (Saba) - Hodeida province has started inaugurating the distribution of solar energy systems for internally displaced"...
Read More

YPC organizes press conference over detaining oil ships

2020-10-20 04:00:00

HODEIDA, Oct. 19 (Saba) - Yemen Petroleum Company (YPC) has organized a press conference at Hodeida port to review the repercussions"...
Read More