Turkish central bank eyes return to normality

CBRT governor Erdem Başçı

The Central Bank of the Republic of Turkey (CBRT) is hoping to move to a more conventional monetary policy framework, but political pressure could still throw the project off course.

In the summary of its latest monetary policy decision, published on August 25, the CBRT said a "significant" part of the meeting was devoted to plans for the simplification of the policy framework.

The central bank is planning to move away from its current set-up, in which overnight deposit and lending rates form an

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