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Turkish central bank doubles inflation forecast
Turkish central bank doubles inflation forecast
Business and Economy
by  AFP

Turkey's central bank more than doubled its year-end inflation forecast to 58 percent on Thursday as its new Wall Street-trained governor vowed to keep raising interest rates after years of controversial policies. The bank nearly doubled its rate last month from 8.5 percent to 15 percent but its following hike was smaller, raising it 17.5 percent.