Turkish Lira, Bonds Fall as Minimum Wage Hike Fuels Inflation Fears
![]() 1714 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. |
Iran committed to implementing agreements with Iraq
242Yesterday, 20:21Israel announces expansion of military operation in Gaza to seize 'large areas' of land, ordering residents to leave
272Yesterday, 09:45Ryabkov: "US proposals on Ukraine do not address the root causes of the conflict"
45401.04.2025, 17:03Russian Foreign Ministry։ "Moscow condemns US threats against Tehran"
52101.04.2025, 15:33Baerbock։"Putin is pretending to be ready for negotiations"
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27401.04.2025, 12:19