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  • 03-06-21

    Turkey's Central Bank to set policy rate at level above expected inflation

    (MENAFN)Concerns over an early interest volume cut are unwarranted, according to Turkey's Central Bank Governor Sahap Kavcioglu, saying that till strong indicators point to a lasting drop in inflation, the bank is going to carry on setting the policy rate at a level above the realized and estimated inflation.

    Sahap Kavcıoglu made an interview within the scope of investor assemblies took place via videoconference as part of the central bank’s communication strategy.

    He further stated that "The significant decrease in the forecast path of the April Inflation Report is expected to be at the end of the third quarter and the beginning of the fourth quarter," adding that “this outlook should be interpreted together with our determination to keep the policy rate above inflation throughout the disinflation process."

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