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Turkey's central bank forecasts slower pace for the country's soaring inflation | DW News
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January 27, 2023
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3:47Now PlayingIn Turkey, the country's central bank is predicting a slower pace to rising-prices in 2023. It's now forecast an inflation rate of 22% for the year. Analysts, however, still expect the rate to stay well above that projection. The ffficial figure for inflation standing 65 percent at the end of last year, after hitting a record-high 85 percent in October. Rising prices have sparked a cost-of-living crisis in Turkey. Just days ago, President Recep Tayyip Erdogan said the country will move new elections towards May 14th.
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