Inflation projections in Turkey

The Central Bank of Turkey has left its inflation projections unchanged: 38% is expected at the end of 2024, 14% in 2025 and 9% in 2026. The head of the Central Bank, Fatih Karahan, stressed that the regulator is ready to take all necessary measures to achieve these goals and has already proved it in practice.

Turkish inflation projections from international financial institutions: 

- Amundi, the largest asset management company in Europe, is forecasting a drop in inflation in Turkey to around 50% in August. The further decline is expected to be gradual, with inflation reaching 40-45% by year end. 
- JP Morgan has adjusted its forecast for inflation in Turkey at the end of the year from 43.5% to 42.5%, and at the end of 2025 from 25.2% to 25%. 
- Goldman Sachs predicts that inflation will fall to 36% by the end of the year. 
-Morgan Stanley also lowered its expectations, predicting year-end inflation at 42.4% instead of 43.4%, and 25.2% by the end of 2025. 
- Barclays revised its forecast, lowering inflation expectations at year-end from 44.5% to 44%, with a forecast for 2025 of 30.8%.  
- Deutsche Bank also expects inflation to be around 40% by the end of the year.