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TURKEY: CBRT Governor Says Demand Conditions Remain Inflationary

TURKEY

Comments from CBRT Governor Fatih Karahan’s address to parliament’s budget commission are crossing the wires (comments below via BBG):

  • EM Central banks expected to be more cautious on rate cuts
  • Cites ongoing resilience in domestic demand
  • Consumer goods imports remain at high level
  • Total demand conditions at inflationary level
  • Negative output gap component of disinflation

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