Central Bank raises inflation forecast in Turkey for 2015

Central Bank raises inflation forecast in Turkey for 2015

The Central Bank of Turkey raised the inflation forecast to 7.3% for 2015, the head of the Central Bank, Erdem Basci, told TRT Haber TV channel.


Earlier, the Central Bank forecast the growth rate of consumer prices at 5.2% for 2015 and 5% in 2016, Trend cited Basci as saying.


Turkish deputy prime minister for economic and financial affairs, Ali Babacan, also promised a minimal inflation level in the country for 2015, adding that Turkey’s economic growth rate in 2015 will exceed that of in 2014.


GDP per capita in Turkey stood at 22.7 thousand Turkish liras in 2014, while this figure was equal to 20.6 thousand Turkish liras in 2013.

 

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