CBRT Governor Karahan Makes Statement on Medium-Term Program and Inflation
CBRT Governor Karahan stated that the revisions in inflation forecasts reflect global dynamics and the impacts of wars.
Following the announcement of the Medium-Term Program, Central Bank of the Republic of Turkey Governor Karahan stated that updates in inflation forecasts stem from changing dynamics in the global conjuncture and the effects of wars.
Medium-Term Program and Revisions
CBRT Governor Karahan answered questions from members of the press following the announcement of the 2027-2029 Medium-Term Program at the Presidential Complex.
Coordination and Targets
Stating that the announced targets were determined in coordination, Karahan emphasized that this process will be stronger in managed and guided prices.
Global Dynamics and Supply Shocks
Karahan stated that part of the inflation revision stems from past effects, while the other part reflects changing dynamics in the global conjuncture.
Services Inflation and Price Pressures
Stating that data has been positive in demand-driven areas affected by monetary policy, Karahan voiced that a rigidity is observed on a monthly basis in services inflation.