On May 14, the Turkish central bank raised its inflation target to 24% from 16% due to accelerating price rises. The increased inflationary pressures are triggered by the economic impact of the war in Iran.
A rift has emerged between the U.S. and Europe following the Trump administration's decision to ease Russian oil sanctions, complicating the G7 economic agenda.
Read the full storyCBRT Governor Fatih Karahan delivered a detailed briefing on the 2026 Inflation Report in Istanbul, focusing on economic developments and policy effectiveness to maintain market transparency.
The Central Bank of Turkey raised its inflation target to 24% from 16% as geopolitical fallout from the war in Iran accelerates price pressures.