Turkey CB Raises 2026 Inflation Target 24%

Turkey's central bank raised its end‑2026 interim inflation target to 24%, up from 16%, during its quarterly inflation report in Istanbul.
It also increased the end‑2027 target to 15% from 9% and set the end‑2028 target at 9% as new interim benchmarks.
Governor Fatih Karahan warned that regional tensions and energy‑supply pressures, especially the Iran war, pose a key risk to inflation outlook.
He reaffirmed the bank's commitment to disinflation, stating it will use all available tools without compromise in its efforts.