Recent economic and financial developments in Turkey
· Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye (Türkiye)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, climate, energy and nature, trade, fragmentation and geopolitics
FK · Fatih Karahan Wiki · Central Bank of the Republic of Türkiye WikiRecent economic and financial developments in TurkeyContextPress briefing in Istanbul by the Governor of the Central Bank of the Republic of Türkiye presenting the second Inflation Report of 2026.
Why it mattersTurkey's central bank updates its inflation path and explains how protectionism and energy prices slow disinflation.
Problems raised- Protectionism and geopolitical events threaten disinflation.
- Rising energy prices add new inflation risks.
- Frequent supply shocks make inflation stickier.
Solutions proposed- Keep monetary policy tight enough to bring inflation down.
- Aim for 9% inflation by end-2028, then the 5% target.
- Assess risks to inflation expectations with an integrated approach.
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