April 30, 2020 / 11:12 AM / a month ago

Coronavirus raises Turkish inflation forecast uncertainty -cbank

ISTANBUL, April 30 (Reuters) - Turkish inflation forecast uncertainty has moderately increased due to uncertainties regarding the course of the coronavirus pandemic, the central bank said on Thursday in the minutes of last week’s rate-setting meeting.

It said economic activity had started to weaken in mid-March due to the pandemic’s effects on external trade, tourism and domestic demand. Survey indicators and high-frequency data point to this weakening trend becoming pronounced in April, it said. (Reporting by Daren Butler; Editing by Jonathan Spicer)

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