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CBRT Anticipates Tightening Cycle to be Complete "As Soon as Possible"

TURKEY

Highlights from the CBRT's December policy statement.

  • The Committee anticipates to complete the tightening cycle as soon as possible. The monetary tightness will be maintained as long as needed to ensure sustained price stability.
  • The existing level of domestic demand, stickiness in services inflation, and geopolitical risks keep inflation pressures alive.
  • On the other hand, recent indicators suggest that domestic demand continues to moderate as monetary tightening is reflected in financial conditions.
  • In addition to policy rate decisions, the Committee will continue to implement quantitative tightening by extending the sterilization tools at its disposal in order to support the monetary tightening process.

See the full statement here.

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