Turkey's central bank raises 2025 inflation forecast to 24%, citing food and CPI changes.

Turkey's central bank raised its inflation forecast for 2025 to 24% from 21%, citing factors beyond monetary control, such as changes in the CPI basket and food inflation. Governor Fatih Karahan emphasized that the forecast adjustment does not signal a change in monetary policy, and the bank remains committed to its disinflation strategy. The bank aims to stabilize inflation at 5% in the long term.

1 month ago
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