Turkey scraps inflation target as economic strains deepen
Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war
Central bank increases target to 24% from 16% due to accelerating rise in prices triggered by Iran war

Consumers feel effects of conflict while many expect Strait of Hormuz stand-off to exacerbate stagnation

Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy

Surge in prices highest since May 2024 as Iran conflict triggers historic surge in petrol prices

The Federal Reserve, ECB and Bank of England will this week deliver their first formal verdicts on the threat posed by the…

Central bank cites higher fuel prices as result of Iran war as it unveils third increase this year

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices