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24-02-21
Turkish Central Bank expands monetary policy
(MENAFN)A senior analyst declared that keeping Turkey's current policy mix is going to drop the current account deficit and inflation and spur recovery in its international reserves in current year and next year.
Anadolu Agency quoted “Erich Arispe, a senior director and Fitch’s primary analyst on Turkey as saying that "The consistency of monetary but also fiscal and credit policies will be key to support the economy’s rebalancing process and buttress the new economic team’s credibility."
He further stated that the amendment of Turkey’s sovereign rating outlook to secure from negative reflects the occurrence of a more consistent and orthodox policy mix under a new economic team, which decreased near-term external financing risks.
He added that the Turkish Central Bank expands monetary policy and also returned to the one-week repo volume as its main policy instrument in an effort to decrease predictability.
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