Inflation seen remaining within target band in 2026–27

Under the baseline scenario, annual inflation is expected to remain within the target range by the end of 2026 and throughout 2027, according to forecasts released in February 2026.

Inflation is projected to stand at 5.5% in 2026 and 4.0% in 2027. The inflation forecast for 2026 has been revised downward compared with previous estimates.

The outlook notes that inflation dynamics will depend on both domestic and external factors, including macroeconomic conditions and policy measures.
N.Tebrizli