The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK), a one -week repo tender interest rate with a policy interest rate increased by 350 basis points to 46 percent.
The CBRT’s interest rates on the interest rates, Yasar Fatih Karahan chaired the Board, the policy interest rate of 350 basis points to 46 percent decided to increase.
“The Board also increased the lending interest rate from 46 percent to 49 percent and the borrowing interest rate in the night term from 41 percent to 44.5 percent in the night term.” In the announcement, the main tendency of inflation declined in March.
The announcement reported that the monthly basic goods inflation will rise slightly in April due to the developments in financial markets, and that service inflation will watch relatively horizontal.
In the announcement that the pioneering data, domestic demand loses acceleration in the first quarter, and implies that the impact of inflation reduces inflation decreases, “increasing protectionist tendencies in global trade on global economic activity, commodity prices and capital currents are closely monitored. It continues to be a risk element in terms of. ” his statements were included.
“Liquidity management tools will continue to be used effectively”
In the announcement, the determined stance in monetary policy in domestic demand, the Turkish Lira realization of real valuation and inflation expectations through the improvement of the disinfection process said.
In the announcement, the following evaluations emphasized that the increasing coordination of the financial policy will also make a significant contribution to this process:
“Strict monetary policy stance will be maintained until permanent decrease in inflation and price stability is achieved. In this respect, policy interest will be determined in a way that provides the frequency required by the disinflation process required by the disinflation process in mind. In case of a significant and permanent deterioration, the monetary policy stance will be taken into consideration as a result of recent developments in financial markets.
In the announcement, taking into account the delayed effects of monetary tightening of the policy decisions of the Board, it was reported that the main tendency of inflation will determine to provide monetary and financial conditions in the medium term to reach 5 percent target.
In this respect, in the announcement that all monetary policy tools will be used with determination, “The Board will take its decisions within a predictable, data -oriented and transparent framework. The meeting summary of the Monetary Policy Committee will be published within five working days.” The expression was used.
