December 3, 2019 / 8:24 AM / 3 days ago

Turkey to end year with below 12% inflation -Albayrak

ANKARA, Dec 3 (Reuters) - Turkey will achieve its goal of ending the year with an inflation below 12%, Finance Minister Berat Albayrak said on Tuesday, after consumer prices returned to double digits in November.

Turkey’s inflation rose below expectations in November at 10.56%, likely encouraging a bigger rate cut from the central bank next week, even as inflation rebounded from a near three-year low a month earlier. (Reporting by Tuvan Gumrukcu and Ece Toksabay)

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