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Recent economic and financial developments in Turkey

· Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye (Türkiye)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, trade, fragmentation and geopolitics, development and emerging economies, growth, investment and productivity

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· Fatih Karahan Wiki · Central Bank of the Republic of Türkiye WikiRecent economic and financial developments in Turkey

ContextPress briefing in Istanbul presenting the central bank's quarterly Inflation Report; the Central Bank of the Republic of Türkiye fights very high inflation through tight monetary policy.

Why it mattersThe Turkish governor presents the quarterly inflation report as disinflation continues but services prices remain sticky.

Problems raised
  1. Tariffs weighed on global growth.
  2. Inflation remains high.
  3. Services inflation is sticky.
Solutions proposed
  1. Keep policy tight enough to meet interim targets.
  2. Watch realised, underlying and expected inflation.
  3. Continue lowering underlying inflation.
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