Turkish central bank faces sluggish economy and political pressure

The Central Bank of the Republic of Turkey
Photo: CBRT

Turkey’s central bank will increase the number of monetary policy meetings in 2020 it holds from eight to 12, it announced on December 5.

The Central Bank of the Republic of Turkey made the announcement in an updated monetary policy framework. The document sets out the changes the central bank has made to how it funds commercial lenders. But it is silent on the considerable political pressures it faces in dealing with above-target inflation in an economy undergoing a slow recovery.

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