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Turkey's Central Bank to take additional measures as new forecast sees inflation to 9.8 percent

Turkey's Central Bank to take additional measures as new forecast sees inflation to 9.8 percent
Turkey's Central Bank has indicated that the bank could take further measures to lower inflation as CBRT's Fourth Inflation Report in Ankara has revised the prediction upwards.

"With 70 percent probability, we predict that the year-end inflation will realize between 9.3 percent to 10.3 percent with its median point at 9.8 percent in 2017 and between 5.5 percent to 8.5 percent in 2018 with its median point at 7 percent", the Central Bank's report states.

The previous median forecast for 2018 was 6.4 percent./IBNA

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