Central Bank governor Erkan: Monetary policy is working, determined to combat inflation

The Central Bank of the Republic of Turkey (TCBM) published the last Financial Stability Report of 2023. Central Bank Governor Hafize Gaye Erkan, in the foreword of the report stated: 

"We started to observe the effects of the steps we took within the scope of monetary tightening and simplification in the macroprudential framework, in the form of an increase in the functionality of market mechanisms and a strengthening of the signaling quality of asset prices". 

Noting that the fight against inflation will be continued with determination, Erkan stated that there will be no compromises on price stability and financial stability targets.

You can find the English version of the Report at the link


Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.