ANKARA, April 16 (Reuters) - Turkey is on track to reach its 36% inflation target by the end of the year, central bank Governor Fatih Karahan told a panel in Washington, adding that markets believed the target would be achieved with a 3-month delay.

Karahan also said the central bank's primary tool was the policy rate, adding he saw inflation peaking at around 75% in coming months. (Reporting by Nevzat Devranoglu and Ece Toksabay Editing by Chris Reese)