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Turkey's Monetary Tightening Slows Consumer Spending, High-Income Households Most Affected
Turkey's Central Bank (TCMB) reports that monetary tightening has caused consumer spending to slow across all income groups, with the most significant decrease seen among high-income households who shifted towards saving, based on an analysis using retail sector data and household budget surveys.
Turkey's Monetary Tightening Slows Consumer Spending, High-Income Households Most Affected
Turkey's Central Bank (TCMB) reports that monetary tightening has caused consumer spending to slow across all income groups, with the most significant decrease seen among high-income households who shifted towards saving, based on an analysis using retail sector data and household budget surveys.
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