state statistics office

Turkish Central Bank rejects snap rate cut after inflation data

Turkish Central Bank, under pressure from President Recep Tayyip Erdo?an to aggressively lower rates, on Feb. 3 rejected the option of an unscheduled rate cut as inflation slowed less than expected.
     
Erdo?an and his allies have over the last weeks lambasted Central Bank Governor Erdem Ba?ç? for failing to radically lower interest rates to stimulate faltering growth.

Turkey 2014 inflation ticks up to 8.17%

Annual inflation in Turkey ticked up to 8.17 percent in 2014, slightly higher than 2013 and well over the Turkish Central Bank's medium-term target, the state statistics office said Jan. 5.
      
However the figure was lower than expected by analysts, with inflation falling 0.44 percent in December from November.