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Turkey hikes energy prices; Istanbul monthly inflation highest in decade

Turkey hikes energy prices; Istanbul monthly inflation highest in decade

2/2 © Reuters. FILE PHOTO: Vehicles queue at a petrol station in Ankara, Turkey December 17, 2021. REUTERS/Cagla Gurdogan 2/2 ISTANBUL (Reuters) – Inflation soared by the most in at least a decade in Turkey’s biggest city Istanbul last month, according to data on Saturday, and President Tayyip Erdogan’s government sharply raised nationwide electricity and…

ECB policymakers warn against inflation complacency

ECB policymakers warn against inflation complacency

© Reuters. FILE PHOTO: The headquarters of the European Central Bank (ECB) in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT (Reuters) -The European Central Bank may be underestimating inflation risks, a diverse group of policymakers said on Friday, just hours after the bank extended stimulus measures to keep boosting price pressures. Inflation has…