The Turkish Central Bank on Friday raised its 2025 year-end inflation forecast to a range of 31 to 33 percent in its fourth inflation report of the year.
Central Bank Governor Fatih Karahan presented the report on Friday and said interim targets remain at 24 percent for 2025, 16 percent for 2026 and 9 percent for 2027.
The bank moved the 2025 forecast range up from 25 to 29 percent in the August report and left the 2026 range at 13 to 19 percent.
Karahan said the bank will keep policy tight until price stability is secured and will act if risks to the path emerge.
The change comes as official data show inflation eased in October from earlier peaks but remains high by global standards.
The new forecasts sit above the government’s medium-term program path, which projects 28.5 percent for end-2025 and 16 percent for end-2026 with single digits in 2027.
The central bank publishes its inflation reports quarterly and uses the documents to set out forecasts, explain assumptions and guide expectations for the coming year.