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06-03-21
Turkish Central Bank concentrates on guaranteeing permanent price stability
(MENAFN)According to the bank’s Governor Naci Agbal, the Turkish Central Bank concentrates on guaranteeing permanent price constancy while applying a stable monetary policy,
Agbal further declared that "We will continue to take firm steps towards achieving price stability through a confidence-oriented monetary policy in the upcoming period."
Agbal also stated that this makes monetary policy more effective and increases its power to improve expectations, highlighting the significance of confidence in the economy.
He added that "In this context, the first step a central bank should take to achieve its goal is to make economic actors trust in monetary policy."
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