RECENT DATA INDICATE that Turkey has maintained a surprisingly good economic performance throughout the year. “It’s the first time in my 18 years in banking that I have seen such figures,” says Naci Sigin, general manager of Yapi Kredi Bank.
The 0.1% monthly rise in the September wholesale price index was the lowest in the past three decades, bringing the annual inflation rate down to 19%, compared with 92% in January 2002. The year-on-year increase in the consumer price index was brought down to 23% in September, compared with 73.2%
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