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FinancialNews


  • 26-12-20

    Turkish Central Bank to implement all aspects of inflation-targeting framework

    (MENAFN)On Friday, Governor Naci Agbal stated that, the Turkish Central Bank is aware of its responsibility in attainment the medium-term inflation target of 5percent.

    He declared at his presentation to the committee on planning and budget of the Grand National Assembly of Turkey, the bank will implement all aspects of the inflation-targeting framework.

    Monetary policy decisions will be made by giving priority to price stability, saying upside risks to inflation require the monetary policy stance to be fixed and decisive, he added.

    "When decision-makers in the economy stop taking inflation as a decision parameter, it means that there is price stability in that country."

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