CBRT raises its 2026 year-end inflation interim target to 24% (prev. 16%), end-2027 to 15% (prev. 9%), end-2028 to 9% (prev. 8%)
The CBRT's upward revision of inflation targets reflects growing inflationary pressures and suggests a more challenging macroeconomic outlook.
Israel is to inform the Lebanese delegation that its strategy that it will not be committing to a comprehensive ceasefire, Al Hadath reports citing sources; Israel may offer to avoid bombing northern Bekaa and Beirut
China People's Republic Chair Qiang says the US and China should focus on cooperation, and continue to be friends
CBRT raises its 2026 year-end inflation interim target to 24% (prev. 16%), end-2027 to 15% (prev. 9%), end-2028 to 9% (prev. 8%)
[ANALYSIS] Iranian War Day 76: US pushes diplomacy, Iranian Foreign Minister says “We do not seek war”
HSBC raises average silver price forecasts to USD 75/oz in 2026 and USD 68/oz in 2027
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This hawkish stance could imply a tighter monetary policy going forward, impacting rate expectations and potentially strengthening the lira. Markets will likely react to the increased uncertainty around Turkey's economic trajectory and the central bank's willingness to combat inflation.
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