Monetary policy stance will 'continue to be tight', says Turkish central bank

Slowdown in consumer loans and weak private demand to keep lid on inflation


A recent decline in uncertainties and improvement in risk premium indicators that caused market interest rates to decline "across all maturities", prompted the Central Bank of the Republic of Turkey (CBRT) to opt for a "measured decrease" in its one-week funding rate last week, according to a monetary policy meeting summary released yesterday.

"Risk indicators, which deteriorated in times of elevated country-specific risks in Turkey, recovered due to the waning domestic and external

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