CBRT says that monetary stance will be adjusted in September meeting

Author: Justin Low | Category: Central Banks

Turkey's central bank out with some comments

  • Will take necessary actions to support price stability
  • Will continue to use all available instruments in pursuits of price stability objective
  • Policy is to be adjusted in September meeting in view of latest developments
  • Recent developments regarding inflation outlook indicates significant risks to price stability
ForexLive
Big words being thrown out there by the Turkish central bank. They meet on 13 September next. That's providing a further relief rally in the lira as it strengthens to 6.50+ levels now against the dollar after having fallen to above 6.70 earlier before the inflation report was released.


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