Exclusive-Turkish central bank chief 'extremely determined' to curb inflation
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Turkey's central bank governor, Fatih Karahan, is determined to combat soaring prices and will maintain a tight policy stance to bring down inflation. Karahan stated that the central bank wants to see a significant and sustained fall in the underlying trend of monthly inflation and is extremely determined to bring down inflation. The central bank has raised rates by 500 basis points since March and has tightened by 4,150 basis points since June 2023. The annual inflation rate in Turkey fell to 71.6% in June, down from 75.45% in May. Karahan emphasized that it is too early to perceive the June inflation dip as a trend change and that the central bank will act with determination and caution. The central bank expects disinflation to take hold in the second half of the year and forecasts an end-year rate of 38%. Economists polled by Reuters expect the inflation rate to fall to around 42% by year-end.

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https://www.investing.com/news/economy-news/exclusiveturkish-central-bank-chief-extremely-determined-to-curb-inflation-3508252