ANKARA (Reuters) -Turkish Central Bank Governor Fatih Karahan said the bank would maintain its tight monetary policy stance until price stability is achieved, adding that the fall in inflation was continuing across the board.
In a presentation in New York on Wednesday about Turkey’s monetary policy and inflation outlook, Karahan also said the government’s medium-term programme would contribute to the disinflation process, adding the monetary policy stance would be tightened in case of a significant deviation in the inflation outlook from interim targets.
In the presentation, which the central bank published on Thursday, Karahan said the bank would determine the policy rate by taking into account realised and expected inflation, and its underlying trend.
(Reporting by Nevzat Devranoglu; Writing by Tuvan Gumrukcu; Editing by Christian Schmollinger)
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