Turkish Central Bank still considers that inflation in the country will fall at 24 percent at the end of the year, while the forecast for the next built from 12 to 16 percent, the Governor of Fatih Karahan said.
The difference of four percentage points arises from the expected higher prices of food, the movement of the main trend of inflation and the prices of imported products expressed in Turkey Lira, the MINA agencies are transmitted.
In general, the Central Bank estimates that the financial conditions in Turkey continue to tighten, and domestic demand moves in accordance with the trend of inflation falls, which, as expected, should be held at the remaining part of the year.
The goal is to remain domestic consumption at a controlled level, Turkish lira stable, and the expectations of inflation under control.
Karahan stated that the Central Bank will decisively use all available monetary policy instruments to ensure price stability.
The Central Bank reduced the reference interest rate with 46 percent to 43 percent last month.
The annual inflation rate in Turkey, according to the latest results, amounted to 33.5 percent in July, while the monthly treasure grew due to seasonal factors.
