Turkey raises inflation target to 24%, citing war risks
Central bank will maintain ‘tight policy stance’ until price stability is achieved, says governor
The Central Bank of the Republic of Turkey (CBRT) has revised its interim inflation target for 2026 from 16% to 24%, with governor Fatih Karahan citing “extraordinary geopolitical developments” as the cause. The target for 2027 has been increased from 9% to 15% and the 2028 target has been raised from 8% to 9%.
In a speech today (May 14) at the briefing on the CBRT’s second inflation report of 2026, Karahan shared the bank’s assessment of the global economy, the macroeconomic outlook for Turkey
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