The central bank has raised its interim inflation targets, forecasting 26% by end of 2025 and 24% in 2026.
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Governor of the Central Bank of Turkey Fatih Karahan announced an upward revision of the bank's inflation forecasts for coming years.
The bank set interim inflation targets at 24% for 2026, 15% for 2027, and 9% for 2028.
Inflation is expected to reach around 26% by end of 2025, reflecting an increase compared to previous targets.
The move comes amid continued inflationary pressures on the Turkish economy.