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.
Turkish central bank chief ‘extremely determined’ to curb inflation | Reuters News Agency
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Business & FinanceGovernment
04 July 2024, 5:50 pm 1 minute
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
