By Akin Nazli in Belgrade Turkey’s central bank on November 8 hiked its end-2024 official inflation ‘target’ to 44% y/y from 38% y/y in its latest quarterly inflation report. The previous target was stated in August. The upper boundary of the end-of-year forecast range was also moved up. It was pushed out to 46% y/y from 42% y/y. Under usual circumstances, the central bank releases ‘forecasts’, rather than “targets”, in its inflation reports. The annual inflation target has in fact long stood at 5% y/y. However, in press conferences held since August last year, officials at the regulator have …