Fatih Karahan, President of the Central Bank of the Republic of Türkiye, published the third inflation report of the year.
Fatih Karahan, President of the Central Bank of the Republic of Türkiye (CBRT), announced the forecast of inflation in 2025 in about 25-29 %. In the previous report, the end of 24 percent target for 2025 as an intermediary goal örnek, while intermediaries for 2026 and 2027 were updated to 16 % and 9 %. Strict monetary policy will continue Karahan emphasized that strict monetary policy stance will continue with determination until the price stability is achieved. He stated that the steps taken in policy benefits will be due to inflation and meetings based on. Conditions for inflation pull In the first quarter of 2025, the annual growth of consumption has slowed down, the contribution of net exports has been balanced, saying that the second quarter of the deficit in the negative area and the conditions of demand are effective in reducing inflation, he said. Inflation impairment Saying that there was a significant decline in inflation in July, the pioneer data trend in August continued, Karahan said that the inertia and inflation process rented in the situation of service inflation continued to be risky. Emphasizing that the estimates are still on CBRT targets, Karahan emphasized that strict monetary policy stance will be preserved, although expectations are still on CBRT targets. Exchange of protected deposit messages (kkm) Karahan has shown a reduction in KKM account balance, “by the end of this year, we can end the extension and open KKM account,” he said.