#President Tayyip Erdogan

Türkiye hikes year-end inflation forecast to 38%

Türkiye’s central bank raises year-end inflation forecast to 38%

The bank has aggressively raised rates by 4,150 basis points since last June but it kept the policy rate unchanged at 50 per cent in April

Turkish central bank raises inflation forecasts

Turkish central bank raises inflation forecasts, sees 70%-75% peak

Inflation hit a 24-year peak of 85 per cent last year and surged again in recent months as the lira weakened for a third year in a row