Turkish Central Bank Projects Year-End Inflation
During a press briefing in Istanbul, Governor Fatih Karan confirmed that the bank’s provisional inflation goals remain at 16% for 2026 and 9% for 2027.
"We set our interim target for 2028 at 8%," he emphasized. The central bank aims for inflation to decrease to 8% by 2028 and to stabilize at 5% in the medium term.
Karan stressed, "We have always reiterated that during the disinflation process, we will maintain our tight monetary policy stance to achieve our interim targets." He further noted that the cautious and restrictive monetary policy, which will persist until price stability is reached, is expected to reinforce the disinflation process through demand, exchange rate, and expectation mechanisms.
In January, Türkiye's yearly inflation rate fell to 30.65%, marking its fourth consecutive monthly drop and the lowest level since November 2021.
In its previous inflation assessment, the central bank had forecast that the year-end inflation for 2026 would be between 13% and 19%.
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