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Turkish annual energy and core goods inflation rising in July - cenbank

Wed, 31st Jul 2019 12:21

ISTANBUL, July 31 (Reuters) - Turkey's central bank said onWednesday that annual energy inflation is expected to rise inJuly due to an adjustment in electricity prices.

Annual core goods inflation is also expected to rise in Julydue to expiration of government tax cuts on furniture,automobiles and white goods, the central bank said in theminutes of last week's monetary policy committee meeting, whenthe bank cut its policy rate by 425 basis points to 19.75%.(Writing by Ezgi ErkoyunEditing by Dominic Evans)

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