Turkey forced to revise inflation target

The Central Bank of Turkey has admitted defeat over plans to reach its proposed 4% inflation target in the medium term.

The central bank said on Tuesday that it expected inflation to remain above the 4% target set last year for at least the next three years. It made the announcement shortly after it emerged inflation had risen above double digits in the year to May for the first time in 13 months.

Durmus Yilmaz, the governor of the central bank, and Erdem Basci, a deputy, said in a letter to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.