Latest news with #monetaryauthority
Bloomberg
3 days ago
- Business
- Bloomberg
Turkey Keeps Year-End Inflation Forecast Unchanged at 24%
By Updated on Save Turkey's central bank kept its year-end inflation forecast unchanged, maintaining a more optimistic stance than markets and businesses. The monetary authority still expects inflation to slow to 24% by year-end, the same as in its previous quarterly presentation in May, Governor Fatih Karahan said on Thursday. The projections serve as short-term targets for policymakers, whose official longer-term goal is to bring price gains down to 5%. For 2026, the bank's forecast was raised to 16% from 12%.
Bloomberg
3 days ago
- Business
- Bloomberg
Investors Zero In on Turkey Inflation Report for Rate Path Clues
Turkey's central bank will announce its year-end inflation forecast on Thursday, with the magnitude of any upward revision set to shape expectations for the course of interest rates. Governor Fatih Karahan will offer the bank's latest projections in the quarterly inflation report, where the monetary authority will lay out its outlook for the domestic economy and price pressures through 2027.
