Turkey Raises 2026 Interim Inflation Target to 24% as Inflation Runs at 32.4%
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Turkey’s central bank raised its 2026 interim inflation target to 24% from 16%, while annual inflation stood at 32.4%, leaving price growth above the revised goal.
M3 money supply growth was 32.6% a year, compared with a 31.4% rate cited as consistent with meeting the 24% inflation target.
From the sources (2 posts)
@steve_hankeTurkey’s inflation is 32.4%/yr. That’s ABOVE its NEW inflation target of 24%/yr. TR’s money supply (M3) is growing at 32.6%/yr, ABOVE Hanke's Golden Growth Rate of 31.4%/yr, a rate consistent with hitting its inflation target of 24%/yr. I
@steve_hanke#TurkeyWatch🇹🇷: After FAILING to bring inflation down as promised this year, Turkey’s central bank RAISED its 2026 interim inflation target from 16%/yr to 24%/yr. INFLATION IS ALWAYS & EVERYWHERE A MONETARY PHENOMENON.