The Governor of the Turkish Central Bank, Fatih Kara Khan, said on Thursday that the bank decided to temporarily suspend the announcement of inflation forecast ranges, in light of the extreme uncertainty imposed by the repercussions of the Iran war on the economic scene and financial markets.
During his presentation of the quarterly inflation report to the Central Bank in Istanbul, Kara Khan explained that the current stage requires a greater focus on efforts to combat inflation in the short term, with the aim of reducing the decline in inflation expectations and maintaining price stability amid accelerating regional developments.
He stressed that the Turkish Central Bank deals flexibly with its interest rate policy, especially in periods when economic and inflationary risks are increasing, noting that all monetary options and tools are still on the table during the next stage, in a way that ensures the protection of financial stability and supports the path to combating inflation.
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