Central Bank Announced: Inflation Forecast Raised.
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Turkey’s central bank has revised upwards its interim inflation target for the end of 2026 to 24%, from 16% previously, estimating that inflationary pressures linked to the US-Israeli war against Iran will remain strong in the short term. Presenting the quarterly inflation report in Istanbul, the bank’s governor Fatih Karahan also said that the target for the end of 2027 is increased to 15% from 9%, while for the end of 2028 it is set at 9%. “Th…
Central Bank Governor Fatih Karahan announced in his Inflation Report presentation that the interim target for 2026 has been raised from 16% to 24%. The year-end inflation target for 2026 has been lowered to 26%. According to experts, this 'revision' is more realistic than the previous one, but a target below 30% is not possible… The Governor of the Central Bank of the Republic of Turkey (TCMB), Fatih Karahan, is presenting the “Inflation Report…
Central Bank Governor Fatih Karahan shared the year's inflation report with the public. The year-end inflation forecast for 2026, which had an upper limit of 21 percent in the previous report, has been lowered to 24 percent in the new report.
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