Page 15 - bne IntelliNews Turkey Outlook 2024

Beyond February, the authority will keep employing macroprudential measures and non-capital controls while awaiting the lagged effects of the rate hikes and the base effects in the official inflation series set to start in June.
On November 2 the central bank hiked its forecast for end-2023 official inflation to 65% from the 58% given in the July inflation report. Also, the upper boundary was moved up from 62% to 68%.
Moreover, the central bank currently anticipates that official inflation may peak in the 75-80% range in May 2024, up from the 70% projection given in July.
The authority sees official inflation at 36% at the end of 2024.
On February 8, the central bank will release its next inflation report and updated inflation forecasts.
15 Turkey Outlook 2024 www.intellinews.com