Inflation Report: Lost in Detail

TURKEY - Report 28 Oct 2015 by Murat Ucer

The CBRT has released the last Inflation Report of the year today. The key change from the July report were the upward revisions of inflation estimates for this and next year to 7.9% (higher than the MTP’s 7.6%) and 6.5%, respectively (both mid-points), from 6.9% and 5.5% previously. The reasons for these (upward) revisions are mainly attributed to the lira weakness in the third quarter of the year.

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