Tuesday, July 23, 2024

Turkish central bank chief ‘extremely determined’ to curb inflation  | Reuters News Agency

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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