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Turkey's Central Bank Likely to Raise Year-End Inflation Target on May 13

GateNews
Commodities
According to Jin10, Turkey's central bank will release its quarterly monetary policy report on May 13, with analysts expecting it to raise the year-end inflation target and forecast range due to global energy price shocks. The current target stands at 16%, with the forecast range at 15-21%. Hande Sekerci, chief economist at Is Asset Management, stated that despite prior signals against adjustment without extreme circumstances, escalating global price pressures and supply issues are likely to prompt the central bank to revise its year-end inflation target upward.
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