CBRT Governor Karahan: 2026 Year-End Inflation Forecast Raised to 29.5%
📊 EURTRY — Piyasa Yorumu
▼ down · 40%The Central Bank of the Republic of Turkey's (CBRT) upward revision of its 2026 year-end inflation forecast to 29.5%, a revision above market expectations, could create mild pressure on the Turkish lira. However, the RSI is hovering neutrally around 50 and, although the MACD remains below its signal line, it is narrowing in negative territory; this suggests that selling pressure may remain limited. The price is just above the SMA20 but below the SMA50; a sideways-to-weak trend is likely in the short term. The inflation forecast increase alone is not a strong directional signal, as the market may have partially priced it in. For this reason, I forecast a mildly upward (against the lira) but low-confidence trend for EURTRY.