He explained Turkish Central In a statement, the Monetary Policy Committee will remain highly vigilant to inflation risks ahead of the expected monetary easing cycle in the coming months.
“We will set the interest rate level in a way that ensures the monetary tightening required by the expected path of reducing inflation, taking into account achieved and expected inflation,” the bank said after the Monetary Policy Committee meeting.
And it rose Turkish lira Slightly to 34.5250 per dollar after the bank’s announcement, but remained low during the day.
The last time the central bank raised interest rates was in March, when it increased it by 500 basis points to complete the severe monetary tightening cycle that began in June last year to control… Inflation Untamed in Türkiye.
