ANKARA: Turkish Central Bank Governor Erdem Basci said on Tuesday the bank expected annual food price inflation of 9 percent at the end of 2015 and lowered its overall inflation forecast after revising down its oil price expectations.

Speaking at a news conference to announce the bank's quarterly inflation report, Basci said the bank expected a continued modeate recovery in domestic demand while foreign demand was expected to remain weak.

Copyright Reuters, 2015