Turkey's Central Bank raises inflation forecasts


October 28, Fineko/abc.az. The Central Bank of the Republic of Turkey has raised its inflation forecasts in the latest inflation report for 2021.

ABC.AZ reports that the Bank raised its inflation forecast for 2021 from 14.1% up to 18.4%.

At the same time, the inflation forecast for the end of 2022 has been raised from 7.8% to 11.8%.