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The Central Bank of the Republic of Türkiye (TCMB) has raised its year-end inflation forecast to 29.5% for 2026 in its final Inflation Report of the year, projecting inflation to ease to 21% in 2027 and 13.5% in 2028.
The latest revision represents a further increase from the bank's previous forecasts of 28% for 2026, 15% for 2027 and 9% for 2028, announced in August. In May, the CBRT had set its 2026 forecast at 26%.
The bank pointed to slowing domestic demand as a favorable factor supporting disinflation, but warned that elevated energy prices continue to pose upside risks to the inflation outlook.
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