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Turkey expects inflation rate at 8.7% by late 2017 – Central Bank

Thursday, August 3
The inflation rate is expected to reach 8.7 percent in Turkey by late 2017, the country’s media reported, citing the head of the Central Bank of the Republic of Turkey (CBRT), Murat Cetinkaya.

“The inflation rate will drop down to 6.4 percent in Turkey by early 2018,” Cetinkaya dded.

The head of the CBRT also added that Turkey will adhere to the strictest financial policy until inflation rate decreases to the expected level.

The previous CBRT prognosis of the inflation rate for 2017 was at 6.5 percent. (