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Turkish Cenbank Keeps Inflation Forecast at 24%, Ready to Tighten if Needed
- On May 22, Turkey's central bank maintained its projection for inflation to reach 24% by the end of the year and indicated it remains prepared to implement tighter monetary measures if inflation worsens.
- This decision came in response to the market instability that arose in March following the detention of Ekrem Imamoglu, the mayor of Istanbul and a prominent opposition leader, which heightened economic and political uncertainties.
- The bank recently raised its policy rate to 49% after a 350 basis-point hike last month to contain inflation, which stood at 37.9% in April, slightly down from March.
- Governor Fatih Karahan stated that the central bank remains prepared to strengthen its monetary policy if there are signs of a serious and ongoing worsening of inflation, underscoring their continued alertness.
- The central bank aims to support disinflation amid economic slowdown, but analysts warn that political instability could undermine these inflation targets.
11 Articles
11 Articles
Turkish cenbank keeps inflation forecast at 24%, ready to tighten if needed
By Nevzat Devranoglu and Ezgi Erkoyun ISTANBUL (Reuters) -Turkey’s central bank left its year-end inflation forecast unchanged at 24% on Thursday but Governor Fatih Karahan said it is ready to tighten policy if inflation worsens, after having pivoted to raising interest rates last month. Presenting the bank’s quarterly inflation report in Istanbul, Karahan said steps taken by the bank had hindered a serious deterioration in inflation expectation…
May Inflation Expectation Survey Published! When Will TÜİK Announce May 2025 Inflation, What Are the 12 and 24-Month Inflation Expectations?
With only a few days left until the May inflation figures are announced, the eyes of the economy circles have once again turned to the Turkish Statistical Institute. While the course of inflation is being closely monitored in the markets and the public, the Central Bank of the Republic of Turkey (TCMB) Governor Fatih Karahan announced in a presentation that they estimate that inflation will decline to 24 percent in 2025, 12 percent in 2026 and 8…
Turkish bond attracts keen interest despite concerns
Second issue of eurobonds Heavily oversubscribed UK and US investors dominate Ankara’s second issue this year of dollar denominated eurobonds was heavily oversubscribed, attracting domestic and international investors, according to the Turkish ministry of treasury and finance. When the $2 billion bond, with a seven-year maturity, was issued on Wednesday the order book was oversubscribed two and a half times, with buyers drawn by the 7.25 percent…
Turkey’s central bank keeps year-end inflation forecast at 24 percent - Turkish Minute
Turkey’s central bank on Thursday kept its year-end inflation forecast unchanged at 24 percent in its second inflation report of 2025, signaling that price pressures remain elevated amid global uncertainties, the state-run Anadolu news agency reported. Central Bank Governor Fatih Karahan presented the outlook during a press briefing at the İstanbul Finance Center, outlining updated projections through 2027. The bank maintained its 2025 year-end …
Reserve Statement From the Central Bank
Deputy Governor of the Central Bank of the Republic of Turkey (TCMB) Hatice Karahan said, "Currently, reserves have started to increase in a calmer environment. Do we see this as sufficient? There has been a decline, but there are internationally accepted reserves here, we are trying to measure the level of adequacy by looking at them."
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