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CBRT Raises Year-End CPI to 14.1 vs 12.2% Prior

TURKEY
  • CBRT year-end inflation est. 14.1%; prior 12.2%
  • CBRT end-2022 inflation est. 7.8% (prior 7.5%)
  • Kavcioglu:
  • leading indicators show eco. activity strong in 2Q
  • 2Q GDP growth to be markedly high on base effects
  • Turkey plans revision in ext. debt data reporting
  • Says it's important to maintain tight monetary policy
  • Monetary policy alone not enough to reduce inflation
  • We must note micro aspect of anti-inflation fight
  • CBRT 2021 avg oil price est. $69.6/b (prior $64.4)
  • CBRT end-2021 food inflation est. 15% (prior 13%
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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