The Central Bank of Turkey has revised its inflation forecasts due to geopolitical instability and rising prices, opting not to publish forecast ranges. The new target for the end of 2026 is 24%, while expectations for the end of the current year are approaching 26%.
Credit Agricole expects the South African Reserve Bank to raise its key interest rate to 7.25% due to accelerating inflation and rising energy prices. While the country's economy remains resilient, a decision not to increase the rate could put additional pressure on the rand.
European economic officials have, for the first time, publicly acknowledged the risk of stagflation due to rising energy prices and a slowdown in GDP growth. The full extent of the damage will become clear in the coming weeks.
The Central Bank of Uzbekistan has kept its key interest rate at 14%, while adopting a more hawkish tone due to persistent inflationary pressures and rising external risks. The institution does not rule out the possibility of further tightening its policy.
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