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Economy and Finance Aug 15, 2025

CENTRAL BANK UPS INFLATION TARGETS FOR 2026, 2027

Central Bank Governor Fatih Karahan said inflation is expected to stand between 25% and 29% at the end of 2025, and between 13% and 19% in 2026.

Editorial Team

Economy and Finance Jul 25, 2025

CENTRAL BANK CUTS RATES BY 3 POINTS DESPITE ONGOING INFLATION RISKS

The Central Bank lowered its one-week repo rate from 46% to 43% on July 24, despite warning signs that inflation pressures persist. This was the first cut following the April rate hike. The Monetary Policy Committee also reduced the overnight lending rate from 49% to 46% and the overnight borrowing rate from 44.5% to 41.5%. While June’s core inflation trend remained unchanged, preliminary indicators pointed to a temporary rise in July inflation due to month-specific factors.

Editorial Team