2025 was lost, again, see you in 2026

TURKEY - Report 07 Nov 2025 by Murat Ucer

The CBRT released the fourth and final Inflation Report of the year and held its final briefing of the year. As expected, the Bank kept its medium-term (interim) targets for 2025, 2026 and 2027 unchanged at 24%, 16%, and 9%, respectively, as in the August report. Also as expected, the Bank revised its 2025 yearend inflation forecast band upward to 31%–33% (from 25%-29%), but kept the 2026 forecast band at 13%-19%.

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