{"id":86136,"date":"2023-07-05T11:25:10","date_gmt":"2023-07-05T07:25:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86136"},"modified":"2023-07-05T11:25:11","modified_gmt":"2023-07-05T07:25:11","slug":"turkeys-annual-inflation-slowed-to-38-21-in-june","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkeys-annual-inflation-slowed-to-38-21-in-june\/07\/05\/market-updates\/","title":{"rendered":"Turkey&#8217;s annual inflation slowed to 38.21% in June"},"content":{"rendered":"\n<p>Turkey&#8217;s annual inflation slowed for the seventh month in a row, reaching 38.2% against expectations of 39.47%.<\/p>\n\n\n\n<p>In June, inflation recorded 39.5%, after a slowdown from record levels in October 2022, which reached 85.5%.<\/p>\n\n\n\n<p>On Thursday, June 22, Turkey&#8217;s central bank raised the country&#8217;s main interest rate, nearly doubling it from 8.5% to 15% as the new economic administration of recently re-elected President Recep Tayyip Erdogan embarked on a radical shift in monetary policy.<\/p>\n\n\n\n<p>This large interest rate hike of 650 basis points was the first rate hike since March 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey&#8217;s annual inflation slowed for the seventh month in a row, reaching 38.2% against expectations of 39.47%. In June, inflation recorded 39.5%, after a slowdown from record levels in October 2022, which reached 85.5%. On Thursday, June 22, Turkey&#8217;s central bank raised the country&#8217;s main interest rate, nearly doubling it from 8.5% to 15% as &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70432,"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":[8473,6987,8494,7095],"class_list":["post-86136","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86136","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=86136"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86136\/revisions"}],"predecessor-version":[{"id":86137,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86136\/revisions\/86137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70432"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}