July 31, 2018 / 8:00 AM / in 3 months

Turkey's cenbank sharply raises 2018 year-end inflation forecast to 13.4 pct

ANKARA, July 31 (Reuters) - Turkey’s central bank sharply raised its 2018 inflation forecast to 13.4 percent from 8.4 percent previously, governor Murat Cetinkaya said on Tuesday.

Speaking at the bank’s quarterly inflation briefing, Cetinkaya also said the bank was lifting its 2019 year-end inflation forecast to 9.3 percent from the 6.5 percent announced in the previous report in April.

Reporting by Tuvan Gumrukcu, David Dolan and Ece Toksabay Writing by Humeyra Pamuk Editing by Dominic Evans

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