As the Turkish statistical authorities on Monday morning, the Inflation in January was 12.15 percent year-on-year month. The inflation rose by 1.35 percentage points month-on-month. It was actually expected a stable inflation rate of 11.8 percent. Thus, the country groans under negative real interest rates. The Central Bank of Turkey (CBT) has pushed the key interest rate already to 11.25 percent – the Inflation is above this value, as in this case, this results in a negative real interest rate.

all the same, The inflation was for certain, major products mild. Thus, food and non-alcoholic beverages increased in price by only 9.04 percent for the same month last year. The prices of tobacco goods and alcoholic drinks, however, jumped by 42.2 per cent year-on-year.

The experts at Commerzbank predict due to the rise in Inflation further turbulence for the Turkish Lira. "Bad thing is that the prices rise after a long recession after the Lira crisis of 2018 so strong. In this period, the Lira was relatively stable.“ Turkish Lira / US Dollar (TRY/USD) 0,1671 USD -0,0001 (-0,09%) To have OTC

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as soon As this growth accelerates, according to the experts, the consequences for Inflation. "Once more, the Lira seems to stand on shaky feet. Therefore, the foreign exchange market has every reason to be, the Cocktail of double-digit Inflation, negative real interest rates and sustained interest, not to consider reductions with care, if the inflation trend is heading, finally, a steady Downward,“ conclude about the foreign exchange professionals. Devisen100 is the ideal consultancy service, if you want to make the first steps on the Forex. (Partner quote) here is an exclusive 30-day free trial!

On Monday were not reflected in the inflation figures, however, still in the course. To the Euro, the Turkish Lira gained least 0.08 percent, a Euro was 6,623 Lira value. The Dollar, in turn, the Lira depreciated by 0.09 percent, a Dollar was worth in order 5,984 Lira.

topic: Lira is again expert: Central Bank of Turkey must begin to offer Erdogan the forehead

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