Turkish inflation unexpectedly accelerated in August as a weaker lira pushed up the cost of imported goods.
Turkey’s two-year interest-rate swaps fell as a manufacturing gauge moved lower and Istanbul city data suggested inflation may have peaked.
European Central Bank President Mario Draghi is proving to be an ally of investors in Turkish lira government bonds.
"The deflation environment makes it obvious that Flug has to act."
- Tatha Ghose on Dec 02, 2014