Turkish Lira, Bonds Fall as Minimum Wage Hike Fuels Inflation Fears
![]() 1730 Thursday, 28 December, 2023, 23:48 Turkish government bonds tumbled and the lira hit a new record low after a 49% minimum wage hike, that threatens to fuel inflation and puts investors on alert for pre-election populist measures from President Recep Tayyip Erdogan. The government raised the net minimum wage for 2023 to 17,002 liras ($578), a level which Goldman Sachs Group Inc. and Morgan Stanley had suggested would force the central bank to further tighten monetary policy. |
Kremlin sees progress as Trump's envoy Witkoff meets Putin for 4th time
271Yesterday, 20:03Bayramov: "Amendments to the Constitution of the Republic of Armenia are a prerequisite for signing a peace treaty"
283Yesterday, 16:33Trump։ "Russia made a big concession by refusing to occupy all of Ukraine"
422Yesterday, 16:27Kallas: "EU supports achievement of sustainable peace agreement between Azerbaijan and Armenia"
359Yesterday, 16:03Peskov։ "Putin-Witkoff meeting has begun" (video)
299Yesterday, 15:51Aliyev: "Time has long come to abolish OSCE Minsk Group"
273Yesterday, 15:39"Zelensky understands that Crimea remains part of Russia" - Trump
251Yesterday, 15:15"We remember the Meds Yeghern not just in mourning, but with resolve" - Marco Rubio
282Yesterday, 14:57