Istanbul, Nov 8, 2024 (AFP) - Turkey's central bank raises inflation forecast

NAMPA / AFP

2024-11-08

Turkey's central bank on Friday raised its inflation forecast for this year and the next, as consumer price increases have slowed less than expected in recent months despite higher interest rates. The central bank now sees inflation reaching 44 percent at the end of 2024, up from a previous estimate in August of 38 percent. Consumer prices are expected to rise by 21 percent by the end of 2025, compared to 14 percent in the last forecast. "The und......

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