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Turkish central bank updates inflation forecast range, vows tight stance

Turkish central bank updated year-end inflation forecast to 15%-21% range, while keeping interim target at the same level of 16%, its governor announced on Thursday. Central Bank of the Republic of Türkiye (CBRT) Governor Fatih Karahan said on Thursday that developments show that the bank has to maintain a tight stance and that the bank was ready to use all policy tools for disinflation. [...]