CBRT Raises 2026 Year-End Inflation Forecast

Fatih Karahan, Governor of the Central Bank of the Republic of Turkey (CBRT), announced in the year's final Inflation Report that the 2026 year-end inflation forecast has been revised upward. Accordingly, the forecast was raised from 28% to 29.5%. In his statement, Karahan noted that the forecast range was revised and shared current assessments regarding the inflation outlook. This change in the year-end inflation forecast stands out as an important indicator in shaping the monetary policy stance. The Central Bank's inflation reports are closely followed by market participants and economists. Updates to forecasts may lead to a reassessment of expectations regarding future monetary policy steps. The CBRT's upward revision of its year-end inflation forecast was recorded as a development that could also affect the framework of steps to be taken toward the price stability goal. Not investment advice.