Turkey Has a Message for Wall Street Doomsayers About Inflation

Source:Bloomberg Date:14Jan2022

Our finance minister is officially the laughing stock of the world. Yet, his inflation optimism may spell early elections by September-October.

Consumer-price growth won’t accelerate after this month — and should remain largely flat until a seasonal improvement in the cost of food leads to a general slowdown in the summer, Nebati said in an interview Thursday.

The scenario may seem far-fetched after the lira lost as much as half its value in three months and with interest rates adjusted for prices likely stuck well below zero for months to come.