BİZE ULAŞIN
- Central Bank of the Republic of Turkey (CBRT) raised its 2015 inflation expectation to 6.8 percent in its second Inflation Report, from 5.5 percent in the first one launched on January 27.
"Medium-term forecasts are based on the framework that cautious monetary policy stance will be maintained by keeping the yield curve flat until there is a significant improvement in the inflation outlook" Erdem Başçı, CBRT Governor told a news conference on Thursday.
"Moreover, the annual loan growth rate is envisioned to continue to hover around the recent reasonable levels in 2015, also thanks to the macroprudential measures" he said and added the new expectations as follows:
"Accordingly, inflation is expected to be, with 70 percent probability, between 5.6 percent and 8 percent, with a mid-point of 6.8 percent at end-2015 and between 3.7 percent and 7.3 percent, with a mid-point of 5.5 percent at end-2016. Inflation is projected to stabilize around 5 percent in the medium term."
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