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Goldman Sachs Maintained Its Year-End Inflation Forecast for Turkey.
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Goldman Sachs has released its year-end inflation forecast for Turkey following the rise in annual inflation to 29.8% in October. While maintaining its inflation estimate at 29%, the bank expects the Central Bank of Turkey (TCMB) to keep policy interest rates unchanged for the remainder of the year due to the acceleration in core inflation indicators and the decline in foreign exchange reserves.
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