Turkey's inflation is expected to rise above 78% in June and it was seen declining to just below 70% by end-2022, a Reuters poll showed on Tuesday, as pricing behavior deteriorates across the board due to a weak currency and a loose monetary policy.
Inflation has surged since last autumn, when the lira slumped after the central bank gradually cut its policy rate by 500 basis-points to 14%, in an easing cycle sought by President Recep Tayyip Erdogan.
