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Oil prices fall but inflation stays high
Oil prices fall but inflation stays high
by  AFP

Oil prices have dropped by a quarter since June and could fall further if a nuclear deal is reached with Iran as it would bring more crude to the market, yet inflation remains stubbornly high. - Iran wildcard - The market, however, could fall again if Tehran reaches a nuclear deal that would allow the country to raise its exports, which are currently restricted by sanctions.

Turkey central bank cuts rate despite soaring inflation
Turkey central bank cuts rate despite soaring inflation
by  AFP

Turkey's central bank on Thursday stunned the markets by lowering its main interest rate even as inflation soared to a 24-year high and looks set to climb further. But Turkish President Recep Tayyip Erdogan subscribes to the unorthodox belief that high interest rates cause inflation rather than rein it in.

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