Türkiye Central Bank Reaffirms Commitment to Inflation Fight: Tight Monetary Policy to Continue Until Price Stability Achieved

Türkiye Central Bank Reaffirms Commitment to Inflation Fight: Tight Monetary Policy to Continue Until Price Stability Achieved

The Central Bank of Türkiye (TCMB) emphasized its unwavering stance in the fight against inflation, stating that tight monetary policy will be maintained until a permanent decline in inflation and price stability is achieved. In the summary of the Monetary Policy Committee (MPC) meeting held on April 17, the TCMB noted that the policy interest rate will be set at a level that ensures the necessary tightness required by the projected disinflation…

Treasury and Finance Minister Mehmet Şimşek evaluated the developments in inflation expectations. Minister Şimşek stated that they expect inflation to occur in line with the Central Bank’s estimates at the end of the year. The Central Bank of the Republic of Turkey (TCMB) had raised its year-end inflation forecast for 2025 from 21 percent to 24 percent on February 7. Treasury and Finance Minister Mehmet Şimşek made the following statement on soc…

Treasury and Finance Minister Mehmet Şimşek, while commenting on the Sectoral Inflation Expectations Survey announced by the TCMB, said, 'We expect inflation to be within the TCMB's forecast range at the end of the year.'