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TURKEY: CBRT Governor Retains Determined Approach to MonPol

TURKEY

CBRT governor starts presentation to parliamentary committee, stating that the CBRT are to continue their determined stance on monetary policy, and that macroeconomic indicators are inline with the disinflationary path.

Karahan's comments on inflation follow this morning's CPI release that saw core Y/Y dip below 50% - thereby prompting real Turkish rates to turn positive for the first time since 2021.

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CBRT governor starts presentation to parliamentary committee, stating that the CBRT are to continue their determined stance on monetary policy, and that macroeconomic indicators are inline with the disinflationary path.

Karahan's comments on inflation follow this morning's CPI release that saw core Y/Y dip below 50% - thereby prompting real Turkish rates to turn positive for the first time since 2021.

Keep reading...Show less