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via rte.ieEconomy

Turkey raises year-end inflation forecast to 29.5%

FROM THE WIRE · RTE.IE

Turkey's central bank has today raised its year-end inflation forecast to 29.5% from 28%, citing supply-side pressures stemming from the Iran war and broader geopolitical tensions.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA higher inflation forecast signals price pressure and risk for the lira and Turkish bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Turkey's central bank raised its year-end inflation forecast to 29.5% from 28%.
  2. 02The revision cites supply-side pressures.
  3. 03The context includes the Iran war and broader geopolitical tensions.

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