The New Medium-Term Economic Program Aims to Continue the Disinflation Process.
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With the newly announced Medium-Term Program, the inflation target has been set at single digits. Inflation, which had started to increase with the Pastor Brunson Crisis during US President Donald Trump's first term, had risen rapidly with the pandemic, earthquake, and regional crises.
The new Medium-Term Program, covering the period 2027-2029, aims to ensure the uninterrupted continuation of the disinflation process. Annual consumer inflation, which was 31.51% in August, is projected to fall to 28.4% by the end of 2026, 21% in 2027, 13.5% in 2028, and 9% in 2029. 🚆
The target of “single-digit inflation”, which the economic administration has regularly postponed since 2018, was once again pushed forward by the latest decisions announced and remains until 2029.
The new Medium-Term Program (MTP) aims to break the inflationary stagnation and bring single-digit inflation levels back to normal by continuing the disinflation process.
Economy - The aim of the new Medium-Term Program (MTP) is to break the inertia in inflation and to see single-digit levels again by continuing the disinflation process.
A coordinated policy approach will be maintained in the fight against inflation, and all tools will be used effectively until price stability is established. Pricing behavior based on past trends will be replaced by pricing based on inflation expectations, and price rigidities will be prevented, thus breaking the inertia in inflation.
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