Turkey’s Central Bank sharply raised its 2018 inflation forecast to 13.4 percent from 8.4 percent previously, governor Murat Çetinkaya said on July 31. Speaking at the bank’s quarterly inflation briefing, Çetinkaya also said the bank was lifting its 2019 year-end inflation forecast to 9.3 percent from the 6.5 percent announced in the previous report in April. The revisions follow...