Turkiye’s central bank has raised by two points its inflation forecast for 2024, with the indicator expected to reach 38%, according to a Turkish central bank report presented on Thursday at a press conference by the bank’s governor, Fatih Karahan.
Consumer prices in Turkiye rose in April by 69.8% on an annual basis.
“In the last three months of this year, we see that inflation is higher than our expectations. Consumer inflation at the end of April was 69.8%, 0.9 points above the forecast range. We are closely…
