Deputy Governor of Turkey's Central Bank: Risks of Premature Policy Easeout Exceed Delay, May Spark Inflation Rebound
Publication Time:2024-07-26 15:41:05
According to a report by Golden Finance, Deputy Governor Akçay emphasized in his recent public speech that the risks of prematurely easing monetary policy outweigh those of delaying implementation under the current economic conditions. He pointed out that overly early monetary easing policies could rekindle inflation issues and pose a threat to economic stability. Akçay explicitly stated that, under the current circumstances, the Central Bank of Turkey is not considering the possibility of a rate cut, but rather focusing on the speed of improvement in inflation expectations and moderate changes in domestic demand. He believes that these factors are crucial in determining the direction of monetary policy.
rate cut
Monetary Policy
Inflation Risk
Central Bank of Turkey
Economic Situation