Free Trial

CBRT Say Monetary Tightening Will Be Gradually Strengthened

TURKEY

Highlights from the central bank policy statement:

  • Monetary tightening will be further strengthened as much as needed in a timely and gradual manner until a significant improvement in the inflation outlook is achieved.
  • While the strong course of domestic demand and the rigidity in service prices continue, the increase in oil prices and the ongoing deterioration in inflation expectations create additional upward pressure on inflation.
  • The simplification process will continue gradually, taking into account impact analyses. In this context, regulations to increase the share of Turkish lira deposits strengthen the monetary transmission mechanism.
  • In addition to increasing interest rates, the Board will continue to make selective credit and quantitative tightening decisions that will support the monetary tightening process.

Click here to see the full policy statement.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.