15:32 - 12.11.2026

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November 12, Fineko/abcnews. The Central Bank of the Republic of Turkey (CBRT) raised its inflation projections for 2026 and 2027 in its fourth and final Inflation Report of the year.

Presenting the report in Istanbul, CBRT Governor Fatih Karahan announced that the year-end inflation forecast for 2026 was increased from 28% to 29.5%, while the 2027 forecast was raised from 15% to 21%. Year-end interim targets were kept unchanged at 24% for 2026, but revised upward from 15% to 21% for 2027 and from 9% to 13.5% for 2028.

The central bank also raised its 2026 average oil price assumption from $87.8 to $97.2 per barrel and its food inflation projection from 28.5% to 31.3%.

Karahan emphasized that the upward revisions do not signal any monetary easing, reiterating that the bank will maintain its tight policy stance until price stability is achieved. He added that geopolitical shocks and elevated energy costs continue to limit the pace of disinflation, noting that a temporary pause in the annual inflation slowdown could be seen in November.