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Turkish Central Bank raises inflation forecasts for 2014, 2015

Türkiye Materials 31 October 2014 14:15 (UTC +04:00)
Turkish Central Bank raises inflation forecasts for 2014, 2015
Turkish Central Bank raises inflation forecasts for 2014, 2015

Turkey's Central Bank increased its 2014 year-end inflation forecast to 8.9 percent from 7.6 percent in its latest quarterly report, Governor Erdem Basci said today Hurriyet Daily News

The inflation forecast for 2015 was increased to a midpoint of 6.1 percent from 5 percent in the previous report.

The Bank's medium term inflation forecast remained at 6 percent, Basci added.

The Central Bank will keep monetary policy tight until there is a clear improvement in inflation, he noted.

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