Turkish Central Bank revises inflation outlook
The bank significantly raised its inflation projections, citing the effects of the war in Ukraine, but inflation was high before the war.
Turkey’s Central Bank released its outlook on inflation today.
The Central Bank predicted that inflation will reach 42.8% by the end of 2022, 12.9% by the end of 2023 and 8.2% by the end of 2024. The bank identified the following factors as contributing to inflation:
