The Central Bank of the Republic of Türkiye (CBRT, TCMB in Turkish) will publish its fourth and final Inflation Report of 2026 on Thursday, 12 November, with Governor Fatih Karahan presenting it at 10:30 Istanbul time, Memurlar.net, Cumhuriyet and Endeks24 reported.
The presentation takes place at the central bank’s campus in the Istanbul Finance Centre, according to all three outlets. Karahan is scheduled to speak from 10:30 to 11:00 and then take questions from journalists and economists until 11:30, Memurlar.net, Cumhuriyet and Endeks24 reported.
The meeting will be streamed live on the CBRT website and on its X and YouTube accounts, the three outlets said.
Update, 12 November, 12:11: The central bank also raised its inflation path for the next two years: the end-2027 figure, which is also its interim target, went up to 21% from 15%, and the end-2028 figure to 13.5% from 9%, according to Governor Fatih Karahan’s presentation text and reports by Endeks24, CNBC-e and Sözcü. The bank set an interim target of 9% for the end of 2029, according to the presentation text and Endeks24, and still expects inflation to settle around its 5% target over the medium term. Karahan said supply-side shocks from geopolitical developments were limiting the fall in headline inflation, and that the bank would keep its tight monetary policy stance, according to the presentation text, CNBC-e and Sözcü. (Sources: TCMB, via Foreks, Endeks24, CNBC-e, Sözcü.)
Update, 12 November, 11:04: Central bank Governor Fatih Karahan raised the bank’s forecast for year-end 2026 inflation to 29.5% from 28% in the fourth Inflation Report of the year, presented in Istanbul on Thursday, Paratic and Elips Haber reported. Further figures from the report will be added once they are confirmed. (Sources: Paratic, Elips Haber.)
Forecast raised to 28% in August
In its previous report, published on 13 August, the bank raised its forecast for year-end 2026 inflation to 28% from 26%, according to Memurlar.net, Cumhuriyet and Endeks24. The bank’s projections put year-end inflation at 15% for 2027 and 9% for 2028, Cumhuriyet and Endeks24 reported.
The interim target for the end of 2026 is 24%, according to Memurlar.net and Endeks24.
Latest inflation data
Consumer prices rose 2.58% in October and annual inflation stood at 29.77%, according to figures from the Turkish Statistical Institute (TÜİK) cited by all three outlets. See our report on the October inflation figures.
On Wednesday evening the central bank also raised its monthly growth caps for some types of loans; see our report on the new loan growth limits.
This article will be updated after the presentation.
Sources
- Enflasyon Raporu Yarın Açıklanıyor: Gözler Yıl Sonu Tahmininde (Memurlar.net)
- TCMB yılın son Enflasyon Raporu’nu açıklayacak: Yüzde 28 tahmini değişecek mi? (Cumhuriyet)
- TCMB Enflasyon Raporu 12 Kasım’da saat 10.30’da sunulacak (Endeks24)
Photo: Itidal / CC BY 4.0, via Wikimedia Commons
