The Central Bank of the Republic of Turkey
The outlook for inflation in Turkey is improving, the central bank says, though inflation was still over 20% in December.
The Central Bank of the Republic of Turkey published its latest inflation report today (January 30). Its previous forecast, in October, envisaged inflation of around 22% in December, even in the best-case scenario. The actual result was 20.3%.
“The decline in oil and other commodity prices, the tax cuts in a number of products, and the weak domestic demand, as well as the