Turkey's Central Bank Inflation Report Due Tomorrow
Turkey's central bank will publish its updated inflation report tomorrow. Markets are watching closely for any revision to the year-end forecast path.
The Central Bank of the Republic of Turkey will present its updated inflation report tomorrow at 10:00, according to TRT Haber. The Governor is expected to deliver fresh assessments of the year-end forecast path and the monetary policy stance.
Market participants are focused on whether recent moves in food and energy prices will push the central bank to revise its forecast band higher. The potential effect of the Iran crisis on the energy import bill is one of the risk factors highlighted in the report. In its previous publication, the bank kept its medium-term year-end target unchanged.
The lira has traded in a tight range in recent weeks, tracking expectations about interest-rate guidance. Borsa Istanbul is consolidating close to its recent record high. Investors will use tomorrow's presentation to recalibrate their institutional macro views.
More from Europe
Verdict Delivered in Hünkar Apartment Earthquake Case That Killed 77
A Turkish court has delivered its verdict in the case of the Hünkar Apartment building, where 77 people died in the 2023 earthquake. The ruling covers the property owner and engineers in charge.
CBRT April Inflation Assessment: Annual inflation rises to 32.37 percent
The Turkish Central Bank released its April inflation assessment, showing consumer prices rose 4.18 percent month-on-month, while annual inflation climbed to 32.37 percent—up 1.50 percentage points. Energy prices surged 14.4 percent, with the underlying trend moving higher.
Airlines can cancel flights in advance over fuel shortages under new plans
Under new UK government plans, airlines can cancel flights in advance due to fuel shortages rather than wait until the last minute. This allows passengers time to rebook and make alternative arrangements.