World News

Turkey’s Albayrak: inflation to stabilize at single digits

ANKARA (Reuters) – Turkish Finance Minister Berat Albayrak said on Friday that the government will stabilise inflation at single digits by strengthening production, after annual inflation rose slightly more than expected in December.

Earlier on Friday, official data showed inflation rose to 11.84% in December, ending the year around a government target and likely leaving the door open to a bit more monetary easing.

(Reporting by Tuvan Gumrukcu and Ece Toksabay)