Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday, as she committed to “restore anchoring of expectations as well as predictability.”
The new forecast is more than double the 22.3% outlined in the central bank’s last inflation report three months ago.
Read More : Turkey’s Central Bank Projects Inflation to Reach 58% — Double Previous Estimate