NEWS Finance        02/02/2021

Turkish Central Bank sends letter of intent to the Government

The Turkish Central Bank has sent an open letter to the Turkish Ministry ıf Treasury and Finance outlining the reasons behind the current rate of inflation, and the precautions that need to be taken in order to stabilise the rate down to the target of 5%. This letter confirms the previous announcements made by the Bank and its governor to implement a tighter monetary policy to stabilise prices.

 

The reason behind sending this letter is to ensure that the government provides the necessary support and compliance for the Bank’s policies to be performed effectively. The letter therefore appears to have been used as a political tool, and to this end may not be looked on favourably by the government.

 

Click here for the Bank’s letter

 

 



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