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CBRT Governor Says Inflation to Slow Down From May

TURKEY

Comments from CBRT Governor Hafize Gaye Erkan has have crossed wires. Summary of comments (via BBG):

  • Turkey aims to use all tools to achieve price stability.
  • Wrong to think disinflation requires growth compromise.
  • Turkey's QT sterilized about TRY700b of liquidity.
  • Turkey will balance domestic demand with selective loans.
  • Monetary policy the main force to make disinflation last.
  • Institutional FX demand declined significantly.
  • Annual inflation slowdown to start from May.

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