Current Level of Policy to be Maintained Until Significant Decline in Monthly Inflation

• The Committee assesses that the current level of the policy rate will be maintained until there is a significant and sustained decline in the underlying trend of monthly inflation and until inflation expectations converge to the projected forecast range.
• Monetary policy stance will be tightened in case a significant and persistent deterioration in inflation outlook is anticipated.
• The Committee will continue to implement macroprudential policies in a way to preserve the functionality of the market mechanism and macro financial stability.
• The determination in tight monetary stance will continue to contribute to Turkish lira’s real appreciation process, which is a key element of disinflation.

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