Turkish Central Bank cuts year-end inflation forecast

Turkish Central Bank cuts year-end inflation forecast

Turkey's year-end inflation rate expected to reach 13.9%, says Central Bank governor

By Tuba Sahin

ANKARA (AA) - Turkey's Central Bank on Wednesday cut its year-end inflation forecast for 2019 to 13.9%, down from 14.6% in its previous report.

The inflation rate will fluctuate between 11.5% and 16.3% through the end of this year, Central Bank Governor Murat Uysal said during Inflation Report 2019-III presentation meeting held in the capital Ankara.

The bank kept inflation forecasts constant for next year and 2021 at 8.2% and 5.4%, respectively.

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