Category Archives: inflation

Turkish lira hits one-year high

The Turkish lira hits a one-year high Wednesday. It closed at 1.372 to the dollar and at one point traded at 1.368, the highest rate since May 2006.



Turkey has uninterrupted growth for 5 years

The Turkish institute of statistics announces Monday that economic growth in the fourth quarter of 2006 was 5.2%, marking five years of uninterrupted growth.


Central Bank of Turkey predicts 5.1% inflation in 2007

The Central Bank of Turkey predicts inflation for 2007 will be 5.1% and 3.4% in 2008. If correct, it will be a great improvement on the 9.65% inflation in 2006.