Central Bank Governor Karahan Makes Statement on Inflation.
6 Articles
6 Articles
Turkish Central Bank (TCMB) Governor Fatih Karahan, regarding the revision in the year-end inflation forecast, said, "It is a significant revision, but we do not consider it a revision that will cause pessimism in the inflation outlook." Karahan also mentioned the Medium-Term Program (MTP) for the period 2027-2029...
Economy - The year-end inflation forecast for 2026, announced by Central Bank Governor Fatih Karahan on August 13th as 28 percent, has been raised to 28.4 percent in the new Medium-Term Program. Thus, the year-end inflation expectation has been increased by 0.4 percentage points.
Turkey is making a major revision to its economic forecasts, as the war in Iran and soaring energy costs overturn plans for a faster de-escalation of inflation, the… Bloomberg: The war in Iran spoils Erdogan’s plans – The inflation target from 9% to 21% - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
The year-end inflation forecast for 2026, announced by Central Bank Governor Fatih Karahan on August 13th as 28 percent, has been raised to 28.4 percent in the new Medium-Term Program. Thus, the year-end inflation expectation has been increased by 0.4 percentage points. Evaluating the inflation outlook after the Medium-Term Program, Karahan explained the reasons for the revision, stating that the impact of the war on inflation this year has appr…
Responding to questions about inflation targets at the meeting where the Medium-Term Program (MTP) covering the period 2027-2029 was announced, Central Bank Governor Fatih Karahan explained the reasons for the upward revision in the forecasts. Karahan stated that the impact of the war on inflation this year approached 7 percentage points.
Vice President Cevdet Yılmaz, while announcing the new Medium-Term Program, stated that the direct and indirect impact of the war on inflation in Türkiye is estimated at approximately 7 percentage points. Noting that the war conditions created supply-side pressure, Yılmaz announced that the energy import expectation has been increased from $63 billion to $71 billion.
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