CBRT under pressure as inflation breaches 10%
The Central Bank of the Republic of Turkey (CBRT) is facing a difficult decision on monetary policy, as inflation climbed into double figures in February.
Data published by the Turkish Statistical Institute today (March 3) shows inflation hit 10.1% in February, its highest level since April 2012 (see figure 1). An 18% rise in the price of transportation was the main factor behind the rise, though alcoholic beverages and tobacco also saw sharp price increases. Inflation has not fallen below the 5
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary policy decisions
BCEAO raises rates 25 basis points amid inflation worries
Move is sixth hike in seven quarters, taking policy rate to 3.5%
Bank of Canada holds rates steady
Macklem says it’s clear the stance of policy is restricting inflationary pressures
Kenya increases policy rate by 200bp to strengthen shilling
Governor says equilibrium rate has been "overshot"
RBA holds at last meeting of the year
“Limited information” leads central bank to keep rate unchanged for time being
Minutes: Riskbank united in policy hold
Board members stress having more policy meetings will give them flexibility in 2024
Bank of Korea holds rates and raises inflation forecasts
Governor says interest rates could stay high for more than six months
Bank of Israel keeps interest rates unchanged
Yaron warns government over fiscal policy as central bank cuts growth forecast
ECB willing to hike rates further, say minutes
Governing council stresses it needs to be persistent and vigilant to bring inflation to 2% target