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Central Bank announces inflation forecast

Central Bank announces inflation forecast

Turkish Central Bank predicted that inflation would be 7.9 percent by the end of 2018 in Turkiye.

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The Central Bank predicted inflation for the end of 2018 and 2019.

According to this, inflation, which completed at the level of 11.92 percent in 2017, will gradually converge to the 5 percent target of inflation under a tight policy stance, focusing on downsizing, which will be 7.9 percent at the end of 2018 and then fall to 6.5 percent at the end of 2019 it is predicted that the central bank will gain stability at 5 percent level.

In this context, inflation, with 70 percent probability, predicted within the range of 9.3 percent to 6.5 percent by the end of 2018 (7.9 percent of the midpoint), at the end of 2019 is in the range of 8.3 percent to 4.7 percent (midpoint 6,5 percent).

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