Turkey Central Bank Raises 2026 Average Oil Price Forecast to $97.2/bbl

The size of the upward revision matters more than the level: a double-digit jump in the 2026 assumption signals the central bank is rebuilding its inflation and external-balance projections around a persistently higher energy baseline, not a temporary spike. That feeds directly into Turkey's import bill and currency dynamics, which sit at the core of its policy mix. Whether the 2027 assumption, raised by a similar magnitude, proves as sticky is the open question — it implies the bank sees elevated crude as structural rather than cyclical.