Fitch Ratings has raised Türkiye's year-end 2026 inflation forecast to 29.5% from 25%, expecting monetary policy to remain tight this year. The agency also increased its 2026 growth forecast to 2.8% and 2027 forecast to 4.4%.
Russia's Ministry of Economic Development increases 2026 inflation forecast to 5.2% from 4%, while keeping 2027-2029 forecast at 4%.
Bank of Japan held its policy rate at 0.75% in a split 6-3 vote, revising inflation forecasts upward to 2.8% due to Iran war supply-side risks while cutting its 2026 growth forecast to 0.5%. The central bank warned that rising crude oil prices from the Middle East crisis would crimp corporate profits and real household incomes. Japan narrowly avoided a technical recession in Q4 2025, with 0.3% QoQ and 1.3% YoY growth. The 10-year bond yield hit 2.496% on April 13, the highest since 1997.
