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Event Brief

Turkey scraps inflation target, raises it to 24%

Turkey’s central bank raised its inflation target to 24% from 16% as price rises accelerate.
WHO: Turkey’s central bank
WHAT: Turkey’s central bank increased its inflation target to 24% from 16%.
WHEN: May 14, 2026 at 10:01 AM ET
WHERE: Turkey
WHY: Accelerating price rises triggered by the Iran war.

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