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CBRT keeps End-2021 Inflation target 9.4%

TURKEY
  • CBRT inflation report:
  • END-2021 FOOD INF. EST. 11.5% VS 10.5% PRIOR
  • END-2022 INFLATION EST. 7%
  • END-2021 INFLATION EST. 9.4% VS 9.4% PRIOR
  • LOAN GROWTH SLOWED DOWN SIGNIFICANTLY FROM 3Q
  • CITES FX RESERVE LOSSES ON PORTFOLIO CAPITAL FLIGHT
  • FOOD, BASIC GOODS BEHIND CPI RISE SINCE OCTOBER REPORT
  • UPSIDE RISKS SEEN IN TURKEY PROCESSED FOOD PRICES
  • PPI CONTINUES TO EXERT PRESSURE ON TURKEY CPI
  • broad expectations from the CBRT that it will sustain its tight policy trajectory and keep inflation under control
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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