CBRT raises its end-2026 inflation forecast to 15-21% (prev. 13-19%)
Newsquawk Staff ·
CBRT raises its end-2026 inflation forecast to 15-21% (prev. 13-19%)
What it means
The Central Bank of the Republic of Turkey (CBRT) raising its end-2026 inflation forecast indicates growing concerns about persistent inflationary pressures in the economy. This upward revision could suggest a more cautious monetary policy stance moving forward, which may impact interest rate expectations and the lira's valuation. Traders should watch closely for implications on broader regional risk sentiment and potential shifts in capital flows.
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- CNB's Seidler says a 25bps rate hike in November is likely, with the November inflation outlook likely to be revised higher
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