Turkish central bank revises inflation forecast from 21% to 24%
The Turkish central bank has revised its year-end inflation forecast from 21 per cent to 24 per cent for 2025, with its governor Fatih Karahan saying the upgrade did not signal any easing in monetary policy stance. The extent or number of interest rate cuts would depend on the inflation outlook and the revision was driven by factors that are "beyond the control of monetary policy," he said.
The Turkish central bank has revised its year-end inflation forecast from 21 per cent to 24 per cent for 2025, with its governor Fatih Karahan saying the upgrade did not signal any easing in monetary policy stance.
The extent or number of interest rate cuts would depend on the inflation outlook and the revision was driven by factors that are "beyond the control of monetary policy," he said.
