October 31, 2018 / 7:56 AM / 14 days ago

Turkey's cenbank sharply raises 2018 year-end inflation forecast to 23.5 pct

ISTANBUL, Oct 31 (Reuters) - Turkey’s central bank sharply raised its 2018 inflation forecast to 23.5 percent from 13.4 percent previously, governor Murat Cetinkaya said on Wednesday.

Speaking at the bank’s quarterly inflation briefing, Cetinkaya also said the bank was lifting its 2019 year-end inflation forecast to 15.2 percent from the 9.3 percent announced in the previous report in July. (Reporting by Ece Toksabay and Ezgi Erkoyun; Writing by Daren Butler; Editing by David Dolan)

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