In a move set to frustrate Turkey's leaders further, the country's central bank decided Tuesday not to hold an heavily anticipated emergency rate-setting meeting after new data showed the country's inflation fell by less than one percent last month.
According to the official Turkish statistics agency, annual inflation for the month of January fell to 7.24 percent from 8.17 percent in December -- still higher than analysts had expected, but not enough to trigger an emergency monetary policy meeting on Wednesday .
The Turkish Lira, which was trading near record lows against the US dollar, gained strength in reaction to the figures.
