{"id":47930,"date":"2021-07-05T15:51:41","date_gmt":"2021-07-05T11:51:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=47930"},"modified":"2021-07-05T15:51:43","modified_gmt":"2021-07-05T11:51:43","slug":"turkish-inflation-reaches-a-two-year-peak-with-a-sudden-jump-to-17-5","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkish-inflation-reaches-a-two-year-peak-with-a-sudden-jump-to-17-5\/07\/05\/market-updates\/","title":{"rendered":"Turkish Inflation Reaches a Two-Year Peak With a Sudden Jump to 17.5%"},"content":{"rendered":"\n<p>Turkey&#8217;s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying an interest rate cut this year.<\/p>\n\n\n\n<p><br>The monthly consumer price reading was also higher than expected, up 1.94%, according to the Turkish Statistical Institute, compared to expectations in a Reuters poll of 1.50 percent.<\/p>\n\n\n\n<p>The lira was little changed, and recorded 8.6975 against the dollar, compared to Friday&#8217;s close at 8.7.<\/p>\n\n\n\n<p>Analysts say rising inflation eases investors&#8217; concerns about a near-term interest rate cut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey&#8217;s annual inflation jumped to a two-year high of 17.53% in June, beating expectations of 17% and extending a long rise after a brief decline, potentially delaying an interest rate cut this year. The monthly consumer price reading was also higher than expected, up 1.94%, according to the Turkish Statistical Institute, compared to expectations in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7095],"class_list":["post-47930","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=47930"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47930\/revisions"}],"predecessor-version":[{"id":47931,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/47930\/revisions\/47931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37851"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=47930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=47930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=47930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}