Central Türkiye bank president on Wednesday said the Monetary Authority current policy framework “he have power”L ensure drop in Inflation and targeted loan policies will continue support Exports and investment.
Central Bank last week of Republic of Türkiye (CBRT) held its standard policy rate 8.5%, saying it has become even more critical for reservation financial supportive conditions of maintain growth Momentum after last Destructive earthquakes occurred in the month.
in a letter in Ankara, CBRT Governor Shihab Kavcioglu said this process of decline in Inflation has begun with the support of policies bank outlet.
Annual inflation in Türkiye fell to 55.18% in February, recording a marked decline from the peak of 85.5% – 24-year High – registered last October.
slowing process in Take inflation place in a environment Where many major shocks threaten economy Experienced one Kavcioglu said.
He stressed that the Russian-Ukrainian war was prevented early and quickly decline in But said inflation permanently decrease will come true with liberalization of power strategy.
a statement last yearthe strategythat bank says is integrated policy frameworkseeks to stabilize the national The currency, pressed by sharp declines.
liralization strategy creature with Point of view of sustainable and durable price Stability will continue to be implemented with determination in “Next period,” the governor said.
Kavcioglu said Türkiye needs to develop its export capacity to increase its export capacity ability to achieve a permanent goal current account surplus.
Turkish government Low interest rates were approved to boost production, investments, employment and exports to achieve a current account surplus says will lead to a permanent fall in economic inflation.
last yearCenter bank Cut her standard oneRepo week rate by 500 basis points To counter the economic slowdown and keep it at 9% in December and January. Shrink it by another 50 basis points in January to boost industrial production and employment after the earthquakes that preceded it left the key policy without change last week.
Kavcıoğlu said they have reduced financing costs, which he said were both permanent and increasing financial Predictability.
We will continue to develop our targeted credit policies in a way to support The ability to export and investments of appropriate financing cost opportunities you offer declining policy rates,” he noted.