The Central Bank of Turkey expects a gradual decrease in price growth in the coming years. According to Fatih Karahan, head of the financial regulator, inflation in the country should slow to 31-33% by the end of 2025 and fall to 13-19% by 2026.
„During the disinflation process, we will continue to adhere to a tight monetary policy to achieve the intermediate goals, Karahan stressed.
Analysts believe that the Central Bank's statement reflects its intention to maintain the current course of increased interest rates and tight liquidity control, despite pressure from businesses.
Reducing inflation remains one of the key goals of the Turkish authorities after years of price instability. The regulator hopes that tightening policy will restore confidence in the Turkish lira and create the basis for sustainable economic growth.