Türkiye’s central bank (CBRT) raised its year-end inflation forecasts for this year and next to 65% and 36% respectively, Governor Hafize Gaye Erkan said on Thursday. The bank's previous inflation report three months ago forecast year-end inflation of 58% in 2023 and 33% next year. Moreover, the 2025 inflation forecast was lowered from 15 percent to 14 percent. Erkan told a press conference to present the CBRT's inflation report that disinflation would start after it peaked at around 70%-75% in May.
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