Middle East
TürkiyeTCMB Raises Inflation Forecast Amidst Geopolitical Concerns
The Central Bank of the Republic of Turkey (TCMB) has raised its inflation forecast for 2026, citing geopolitical factors like the Iran war as a reason for the upward revision.
Background
Turkey has faced persistent high inflation for several years, impacting its economy and citizens' purchasing power. The Central Bank's monetary policy decisions are closely watched as they aim to stabilize prices amidst various domestic and international pressures.
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TCMB Raises Inflation Forecast Amidst Geopolitical Concerns
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TCMB increased its year-end inflation forecast for 2026 to 29.5%, attributing the revision partly to energy prices and geopolitical events.
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