Turkey stresses vigilance amid progress in disinflation
Central bank emphasises firm monetary stance despite cooling inflation
Turkey’s central bank struck a cautious note in a summary of its latest monetary policy decision, published yesterday (June 26), highlighting that while recent data points to progress on disinflation, risks remain high and monetary tightening will be maintained for as long as necessary.
On June 19, the Central Bank of the Republic of Turkey left its policy one-week repo rate unchanged at 46%. In its summary, the CBRT reiterated the bank’s confidence in the disinflation process, citing a slowdown
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