"The Central Bank of the Republic of Turkey (TCMB) announced the 2025 Inflation Report."

Year-End Report of the Central Bank of the Republic of Turkey

Central Bank of the Republic of Turkey (TCMB) Governor Fatih Karahan presented the latest Inflation Report regarding the year 2025. This report is considered an important step towards eliminating uncertainties in the markets and ensuring economic stability.

2025 Inflation Targets Announced

With the third Inflation Report of the year, TCMB separately announced inflation forecasts and the year-end inflation targets. The interim target set by the Central Bank for 2025 has been maintained at 24 percent, while the target for 2026 is set at 16 percent and for 2027 at 9 percent. It was stated that these targets will not be updated unless there is an extraordinary development.

Inflation Forecasts and Variations

Central Bank Governor Fatih Karahan also announced the range for inflation forecasts to the public. Karahan stated, "We anticipate that inflation will range between 25-29 percent by the end of 2025." Additionally, the inflation forecast for 2026 is expressed to be in the range of 13-19 percent. These forecasts are critically important for the future expectations of the markets.

Disinflation Process and Monetary Policy

Karahan stated that they continue to gradually see the results of tight monetary policy. Emphasizing that the disinflation process that has been ongoing since June 2024 has recently slowed down, Karahan noted, "With the steps we will take, we will ensure that inflation follows a path compatible with the interim targets," highlighting the Central Bank's determination and future plans.