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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.

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