The Central Bank of the Republic of Turkey raised its year-end inflation forecast to 28% from 26%, Governor Fatih Karahan said at a press briefing in Istanbul on Thursday. A central bank survey last month showed market participants expect year-end in

2026-08-13

The Central Bank of the Republic of Turkey raised its year-end inflation forecast to 28% from 26%, Governor Fatih Karahan said at a press briefing in Istanbul on Thursday. A central bank survey last month showed market participants expect year-end inflation of 29%. Karahan cited geopolitical uncertainty from the war in Iran and volatility in energy and food prices as reasons for the upward revision.