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Turkey's annual inflation nears 60% in August
Turkey's annual inflation nears 60% in August
Business and Economy
by  AFP

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan. "This will heap pressure on the (central bank) to further significantly hike policy rates from 25 percent at present."