Turkey's Central Bank revises up inflation forecasts
Inflation is forecast to reach 7.9 percent by year-end
Yayınlanma:
The Central Bank of the Republic of Turkey has raised its inflation forecast for 2015 by 1 percent, governor Erdem Basci said in a press conference on Wednesday.
The bank predicts that inflation for this year will be 7.9 percent at year-end, up from 6.9 percent in the previous forecast.
Inflation in 2016 is forecast to reach 6.5 percent for the year, up from 5.5 percent in the previous forecast.
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