By Kyle Morris
The Turkish central bank said Thursday that it now expects inflation to be at 14.1% at the end of 2021 and 7.8% at the end of 2022.
In April, the bank said it expected inflation at 12.2% at the end of 2021 and 7.5% at the end of 2022.
Inflation should stabilize around 5% --the medium-term target-- in 2023, the bank said in its July inflation report.
Risks to the inflation target include the coronavirus vaccine rollout in the country, the recovery of global demand, rising commodity prices, pent-up consumption and supply constraints, the bank said.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
07-29-21 0725ET