Inflation report: gradualism to continue until it can't

TURKEY - Report 28 Oct 2020 by Murat Ucer

The CBRT has released this year's fourth and final Inflation Report according to which the Bank increased its yearend inflation forecast by a sizeable 3.2 percentage points, from 8.9% to 12.1%, which is higher than both the New Economic Program (NEP) forecast of 10.5% (released just about a month ago), and the 11.8% expectation in the CBRT Survey of October.

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