2023-07-20 12:54:00
ANKARA, July 20 (Xinhua) — Turkey’s central bank on Thursday raised its key interest rate by 250 basis points from 15 percent to 17.5 percent, in a bid to curb inflation and current fluctuations.
The central bank has “decided to continue the process of monetary tightening to establish a disinflation path as soon as possible, anchor inflation expectations and contain the deterioration in pricing behavior,” the committee said in a statement. of the institution in charge of monetary policy.
With a view to improving market mechanisms and stability, the committee will gradually “simplify and improve the existing micro- and macroprudential framework” and commit to quantitative tightening and access to credit to support rate hikes. , he added. END
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