Agence France-PresseOctober 31, 2013 08:33
The Turkish central bank, faced with turbulence and a fall of the lira triggered by uncertainty over US monetary policy, raised its inflation forecasts for this year and next on Thursday.
The bank pushed up its forecast for this year to 6.8 percent from 6.2 percent indicated previously.
And it raised the outlook for next year to 5.3 percent from 5.0 percent.
In its quarterly inflation report, the bank said the increases reflected exchange rate developments, resulting in a fall of the value of Turkish lira, and also high oil prices.