Turkiets centralbank

Turkey’s Central Bank Raises Inflation Forecast to 21% by End of 2027

Turkey's central bank sharply raises its inflation forecast, citing the effects of the Iran war and market turmoil.

Turkish inflation continues to rise in May to 32.6 percent

Inflation in Turkey continued to rise for the second consecutive month in May, according to recent figures from the country's statistical agency.

Turkey cuts interest rate – to 38 percent

Turkey's central bank has cut interest rates for the fourth time in a row following positive inflation figures in November. The country's key interest rate is now down to 38 percent.

Unchanged interest rate in Turkey

ECB expected to initiate wave of interest rate cuts

The European Central Bank (ECB) is expected to lower its key interest rate by 0.25 percentage points on Thursday. The reduction would be the second this year, following all the hikes in the inflation shock. It is also expected to be the starting point for a wave of reductions by other central banks – including the Swedish Central Bank.

Turkish inflation falls to 52 percent

Turkey's sky-high inflation drops

Inflation in Turkey decreased in June. The decline is the first in eight months. Consumer prices rose by 71.6 percent compared to a year earlier, which can be compared to an inflation rate of 75.5 percent in May.

Turkish interest rate remains at 50 per cent