CBRT Report: Buying Time, But For What?

TURKEY - Report 01 Nov 2017 by Murat Ucer

The CBRT has released this year's final Inflation Report today. The 2017 year-end estimate was revised upwards by 1.1 percentage points (pps) to 9.8% (midpoint of a band between 9.3% and 10.3%), from the previous report’s estimate, which, notably, is also higher than the 9.5% estimate in the latest Medium Term Program (MTP). In line with the MTP, the Bank also raised the end-2018 inflation estimate to 7% (midpoint of a band between 5.5% and 8.5%) from 6.4% in the previous report. Inflation is expected to decelerate to the official target of 5% in the medium term.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.