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CBRT Reiterate That Tight Monetary Stance Will Be Maintained

TURKEY
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Highlights from the CBRT's policy statement:

  • In addition to the high level of and the stickiness in services inflation, inflation expectations, geopolitical risks, and food prices keep inflationary pressures alive.
  • Considering the lagged effects of the monetary tightening, the Committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks.
  • The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range.
  • Monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen.

Click here to see the full statement.

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Highlights from the CBRT's policy statement:

  • In addition to the high level of and the stickiness in services inflation, inflation expectations, geopolitical risks, and food prices keep inflationary pressures alive.
  • Considering the lagged effects of the monetary tightening, the Committee decided to keep the policy rate unchanged, but reiterated that it remains highly attentive to inflation risks.
  • The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, and inflation expectations converge to the projected forecast range.
  • Monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen.

Click here to see the full statement.