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🇹🇷 Turkey /Economy & Trade

Türkiye’s inflation target exceeds central bank’s latest forecast

From Cumhuriyet · () Turkish

Translated from Turkish and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Türkiye’s 2027-2029 Medium-Term Program sets a 28.4% inflation target for 2026, above the central bank’s latest 28% forecast.
  • Meeting the target would require cumulative inflation in the year’s final four months to stay below 5.2%.

Türkiye’s 2026 inflation target in the new Medium-Term Program is higher than the central bank’s latest forecast. The program, covering 2027 to 2029, sets the target at 28.4%.

Vice President Cevdet Yılmaz announced the program. The central bank’s most recent forecast puts 2026 inflation at 28%.

For the government’s target to be met, total inflation over the final four months of the year must not exceed 5.2%.

About this summary

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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