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Turkey's Anti-Inflation Moves Unnerve Investors

Turkey's finance tsar has declared war on soaring inflation and called on the country's businesses to cut prices. Finance minister Berat Albayrak Tuesday called on business to cut prices by 10 percent to counter runaway inflation. The Turkish lira has fallen some 40 percent this year, driving up the price of everything from food to fuel and sending inflation to 25 percent last month, its highest in 15 years. Analysts warn that this radical strategy could hurt an...

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