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"The shocks to supply caused by geopolitical developments hinder the decline in overall inflation. The persistence of this situation maintains upward risks to inflation prospects and calls for a cautious monetary policy stance," said Governor Fatih Karahan at a press conference to present the latest inflation report of the year. "We have raised our end-2026 inflation forecast to 29.5%," said Fatih Karahan. Fatih Karahan indicated that rising oil prices, fueled by escalating regional tensions and subdued expectations of a normalization of energy flows in the Strait of Hormuz, contributed to this upward revision. #Inflation #Turquie #Géopolitique (translated)