(Bloomberg) -- Turkey will increase the pay of public
sector workers by more than double the central bank's inflation
target for this year, a plan that may push up prices and hurt
budget targets.
The wages of about 323,000 workers will increase by an
average of more than 10 percent this year, compared with the
bank's inflation goal of 4 percent, Salih Kilic, chief of labor
union Turk-Is, told reporters in Ankara late yesterday.
Read more at Bloomberg Emerging Markets News
sector workers by more than double the central bank's inflation
target for this year, a plan that may push up prices and hurt
budget targets.
The wages of about 323,000 workers will increase by an
average of more than 10 percent this year, compared with the
bank's inflation goal of 4 percent, Salih Kilic, chief of labor
union Turk-Is, told reporters in Ankara late yesterday.
Read more at Bloomberg Emerging Markets News
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