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Tuesday, July 30, 2013

AFP: Turkish central bank raises inflation forecast

Turkish central bank raises inflation forecast

(AFP) – 3 hours ago

ANKARA — Turkey's central bank raised its year-end inflation forecast of 5.3 percent to 6.2 percent in a sharp adjustment on Tuesday.

"We have updated our 2013 year-end inflation estimate 0.9 points up considering the exchange rate and developments in oil prices," the bank's governor Erdem Basci said in remarks broadcast live.

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