Turkey’s Inflation Math Is No Longer a Dealbreaker for Investors
- Central bank will present latest economic forecasts Thursday
- Governor says inflation on track to reach year-end goal of 36%
This article is for subscribers only.
Turkish inflation forecasts still strain belief — but this time, few in the market are complaining.
As Governor Fatih Karahan prepares to unveil the central bank’s fresh outlook at a quarterly event in Ankara on Thursday, investor focus is instead on how monetary policy aligns with a goal that a top official calls “ambitious but attainable.” It envisions inflation almost halving to 36% by the end of the year, a view more optimistic than the predictions of all but one analyst surveyed by Bloomberg.