Türkiye’s 2026 year-end inflation forecast stays near 29.6 percent

The Central Bank of Türkiye’s October survey asked financial and business-sector participants about the country’s economic outlook.

They expect inflation to reach 29.63 percent by the end of 2026, almost unchanged from 29.61 percent in the previous survey.

Their forecast for inflation over the next 12 months edged up to 23.89 percent, while the 24-month forecast fell to 17.94 percent.

Participants expect the Central Bank to set its policy rate at 36 percent at its upcoming October meeting.

They also forecast 2026 economic growth of 2.9 percent, down from 3 percent, and put the year-end exchange rate at 51.55 lira per dollar.

The survey offers a snapshot of expectations for prices, borrowing costs and growth, which can help show how market participants view Türkiye’s economic outlook.

The Central Bank’s October policy meeting is the next key step, with participants forecasting a 36 percent rate.