Turkey’s central bank ramps up inflation forecast

turkish-flag

The Central Bank of the Republic of Turkey (CBRT) has increased its inflation forecast for 2013, after the year-on-year CPI surprised staff by jumping to 8.3% in June.

The minutes of the bank's latest monetary policy committee (MPC) meeting, published today, show rising inflation expectations led the committee to undertake "measured monetary tightening".

In the latest inflation report, also released today, the central bank said there was a 70% chance of inflation ending the year between 5.2 and

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: