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  • 24-04-21

    Turkish Central Bank to focus on reducing inflation

    (MENAFN)A joint broadcast of prominent TV channels quoted the Turkish governor as saying that the Turkish Central Bank is going to carry on monetary tightening until mid-term inflation target of 5 percent is accomplished.

    Sahap Kavcioglu stated that he is going to concentrate on decreasing inflation, referring to an interest volume above the inflation number.

    He further declared that the central bank is going to apply measures for credit development as setting a balance for household, real sector and investors.

    Kavcioglu further answered to a question about supposed USD128 billion deficits in the Central Bank's foreign exchange reserves that the declaration is false.

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