Free Trial

Central Bank Governor Karahan Says Will Tighten Further If Needed

TURKEY
  • Turkish Central Bank Governor Fatih Karahan said at an event in Washington DC that the monetary authority will tighten policy further if it foresees a significant and persistent deterioration in the inflation outlook, according to people with direct knowledge of the subject – Bloomberg
  • He said that the central bank tightened policy more than market expectations and stands ready to do more
  • Meanwhile, Finance Minister Simsek said separately that price stability is the number one challenge and that the country needs to tighten its fiscal stance.
84 words

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.
  • Turkish Central Bank Governor Fatih Karahan said at an event in Washington DC that the monetary authority will tighten policy further if it foresees a significant and persistent deterioration in the inflation outlook, according to people with direct knowledge of the subject – Bloomberg
  • He said that the central bank tightened policy more than market expectations and stands ready to do more
  • Meanwhile, Finance Minister Simsek said separately that price stability is the number one challenge and that the country needs to tighten its fiscal stance.