Central Bank of Turkey President Karahan: Tight Policy for Inflation Targets

Statements from Karahan: We Will Achieve Our Inflation Targets

The President of the Central Bank of the Republic of Turkey (CBRT) Şahap Karahan expressed that they will continue their determination in the fight against inflation. Notable points from Karahan's statements include the following:

Effects of Tight Monetary Policy

Karahan stated that they are gradually receiving the results of the implementation of tight monetary policy. Emphasizing that the domestic demand trend is continuing to slow down, the president highlighted that the demand conditions are at a disinflationary level.

Disinflation Process and Targets

Acknowledging that the disinflation process, which has been ongoing since June 2024, has slowed down, Karahan stated that they will ensure that inflation remains consistent with intermediate targets through the steps they will take. Emphasizing the importance of the distance they have covered in achieving price stability, Karahan noted that they will continue to resolutely use all monetary policy tools necessary to reach this goal.

Global Inflation Risk

Karahan also mentioned that the risks associated with global inflation have not been completely eliminated. He emphasized that central banks execute interest rate cut processes while carefully evaluating these risks.

- Will continue