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
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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