· Fatih Karahan Wiki · Central Bank of the Republic of Türkiye WikiRecent economic and financial developments in Turkey
Read full speech on bis.org ↗ContextPress briefing in Ankara presenting the first quarterly Inflation Report of 2025; the Central Bank of the Republic of Türkiye fights very high inflation through tight policy.
Why it mattersThe Turkish governor warns that global protectionism adds upside risk to inflation.
Problems raised
- Protectionism raises inflation risks.
- Global policy uncertainty is high.
- Services inflation is sticky.
Solutions proposed
- Focus on upside inflation risks.
- Continue lowering underlying inflation.
- Improve inflation expectations.