Turkish central bank governor: policy framework has power to lower inflation

Middle East
29-03-2023 | 06:30
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Turkish central bank governor: policy framework has power to lower inflation
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Turkish central bank governor: policy framework has power to lower inflation

Turkish Central Bank Governor Sahap Kavcioglu said on Wednesday the current policy framework "has the power" to ensure a fall in inflation and that targeted loan policies would continue in order to support exports and investment.

Last week the central bank held its policy rate at 8.5%, saying it had become even more important to keep financial conditions supportive to preserve growth momentum after last month's devastating earthquakes.

In a speech in Ankara, Kavcioglu also said it was necessary for Turkey to develop its export capacity in order to increase its capacity to achieve a lasting current account surplus.
 
 

Turkish

Central

Bank

Governor

Policy

Framework

Power

Inflation

Turkey

Earthquake

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