Turkey’s Ceaseless Battle with Price Stability: Inflation and Currency Volatility

Consistent double-digit inflation and currency volatility have plagued Turkey’s economy for the last several years.

Investor confidence has subsequently been crushed, triggering an exodus of foreign finance, and a further tumble in the Turkish lira.

However, a new hope has emerged as the lira rallies due to a sharp shift in investor confidence following the country’s recent shakeup of economic management.

Is there finally an end in sight for Turkey’s ceaseless battle against price stability?