Turkish inflation seen returning to 5% in 2018
December figure overshot October forecasts, rising to 8.8%
The Central Bank of the Republic of Turkey expects inflation to fall gradually after exceeding expectations last year – its latest forecasts suggest it will "stabilise" around the 5% target in 2018.
The forecasts, published today (January 26) as part of an inflation report, say the headline rate, which rose to 8.8% in December, is likely to fall to 7.5% in 2016 and 6% in 2017.
The high figure last month came as a surprise to the central bank, overshooting its projections in the October inflation
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