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BUSINESS · NOV 12, 2026
Turkey Raises Inflation Forecasts Due to Iran War
The Central Bank of the Republic of Turkey increased its inflation forecasts for 2026 and 2027, citing economic disruptions caused by the war in Iran.
The Central Bank of the Republic of Turkey revised its inflation forecasts upward on November 12, 2026. The monetary authority now projects year-end inflation to reach 29.5% for 2026 and 21% for 2027.
Bank officials attributed the increased projections to the economic effects resulting from the war in Iran. The revisions indicate a tightening economic outlook as regional instability impacts Turkey's domestic price stability.
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Central Bank of the Republic of Turkey
