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Turkish annual inflation falls in November

Dec. 03, 2018 6:45 AM ETTKF, TURBy: Yoel Minkoff, SA News Editor
  • Turkish annual consumer inflation slowed last month from a 15-year high in October, dropping to 21.6% from 25.2%, suggesting the central bank's September rate hike is rippling through the economy.
  • The lira strengthened after the report and was trading 1% higher at 5.1629 per dollar, though some fear the sudden downturn in prices bring with it the risk of an early loosening of monetary policy.
  • ETFs: TUR, TKF

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