Central Bank raises inflation forecast in Turkey for 2015
Baku, Azerbaijan, Apr.30
By Rufiz Hafizoglu - Trend:
The Central Bank of Turkey raised the inflation forecast in the country to 7.3 percent for 2015, head of the Central Bank said.
Erdem Basci, head of the Central Bank said that earlier, the bank forecasted the growth rate of consumer prices at 5.2 percent for 2015 and 5 percent in 2016, TRT Haber TV channel reported Apr.30.
However, Basci didn't specify the reason for increasing the inflation forecast.
Ali Babacan, Turkish deputy prime minister for economic and financial affairs also promised minimum inflation level in the country for 2015.
He said that Turkey's economic growth rate in 2015 will exceed that of in 2014.
Turkey's economy grew by 2.9 percent in 2014, which is 1.1 percentage points less than in 2013 and 0.2 percentage points more than the forecast for 2014.
Turkey's agricultural sphere has dropped by 1.9 percent during the reporting period. This is while the sphere of industry grew by 3.5 percent.
The GDP per capita in Turkey stood at 22,700 Turkish liras in 2014, while this figure was equal to 20,600 Turkish liras in 2013.
The official exchange rate on Apr.30 is 2.6692 TRY/USD.
Edited by SI
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