Turkish central bank chief ‘extremely determined’ to curb inflation 

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    Turkish central bank chief ‘extremely determined’ to curb inflation 


    Business & FinanceGovernment

    Reuters published an exclusive interview with Turkish Central Bank Governor Fatih Karahan – his first with the media since becoming chief in February – on the heels of data showing a long-awaited turnaround in the country’s soaring inflation rate. Karahan’s comments that the central bank was “extremely determined” to combat soaring prices and would patiently maintain its tight policy tempered growing expectations of a rate cut within the next few months. 

    Market Impact

    The central bank has held policy steady, vowing to act if the inflation outlook worsens, since raising rates by 500 basis points, or 5 percentage points, to 50% in March. 

    Article Tags

    Topics of Interest: Business & FinanceGovernment

    Type: Reuters Best

    Sectors: Business & FinanceGovernment & Public Services

    Regions: Europe / Middle East / Africa

    Countries: Turkey

    Win Types: Exclusivity

    Story Types: Exclusive / Scoop

    Media Types: Text

    Customer Impact: Significant National Story



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