Middle East
TürkiyeTurkish Central Bank Raises Inflation Forecast Amid Energy Price Volatility
The Turkish Central Bank has increased its inflation forecast for 2026 to 28% due to rising energy prices and import costs, exacerbated by geopolitical tensions in the Strait of Hormuz.
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Turkish Central Bank Raises Inflation Forecast Amid Energy Price Volatility
First report 9h agoLast update 4h ago2 takes 1▼ 1
goal energy independenceneutralShow 1 post
started 4h ago•Last update 4h ago
The Minister of Energy and Natural Resources aims to reduce Turkey's foreign energy dependency from 70% to below 50% by 2035, with a long-term goal of achieving full energy independence to resolve current account deficits.
concern inflation impactnegativeShow 2 posts
started 9h ago•Last update 8h ago
Rising energy prices and import costs, influenced by geopolitical tensions, are causing the Central Bank to raise inflation forecasts, impacting production costs and local prices.
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