Turkish governor says monetary policy will be simplified at ‘reasonable’ time
Çetinkaya emphasises need to address “structural” causes of inflation
Turkey's central bank is "aiming at terminating the simplification process" of its monetary policy framework at "a reasonable point of time", governor Murat Çetinkaya said today (July 26).
Çetinkaya cautioned, however, that "the timing and pace of this termination will eventually depend on the developments affecting inflation and financial stability" – echoing comments made following the monetary policy decision on July 19.
The governor emphasised what he said were the structural causes of
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