Turkey's central bank keeps year-end inflation forecast unchanged
The CBRT held its 2026 year-end inflation projection steady in its quarterly report, citing balanced risks.
The Central Bank of the Republic of Turkey held its 2026 year-end inflation projection at 36%, citing balanced but tilted-to-the-upside risks in its quarterly Inflation Report.
The Governor said disinflation remains on schedule and that the tight monetary stance will be maintained decisively. Inflation expectations and unit labour costs were flagged as the risks most closely tracked.
USD/TRY showed a muted reaction after the release, trading around 32.48. Domestic banking shares outperformed on the day.
More from Europa
BIST 100 closes at record high, banking index leads gains
Turkey's BIST 100 rose 1.8% to a new all-time high, led by bank stocks after stronger-than-expected quarterly earnings.
ECB officials signal summer rate cut as growth outlook weakens
Multiple ECB governors indicated they are ready to support a rate cut at the June meeting if inflation continues to cool.
German industrial orders beat forecasts, hinting at recovery
German factory orders rose more than expected in March, offering the first clear sign of a manufacturing rebound.