MNI BRIEF: CBRT On Track To Hit 2025 Inflation Target - Simsek

Annual inflation will be within the Central Bank of Turkey's target range at the end of year, finance minister Mehmet Simsek wrote on X on Friday, despite a small rise in inflation expectations following recent domestic and international events.

The CBRT has set itself a year-end inflation target of 24% for 2025, with an uncertainty band of 19%-29%.

"The 12-month-ahead inflation expectation decreased by 17 points among households, 15 points among the corporate sector and 10 points among market participants in the last one year," Simsek said.

Necessary steps are being taken to limit the repercussions of recent domestic and global developments on the Turkish economy, he continued, and "in addition to the strengthening macroeconomic fundamentals thanks to the programme we have implemented, tightening financial conditions and the decline in commodity prices will support the disinflation process."