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Turkey's central bank says disinflation on track, fund crisis contained
Original: Turkey’s central bank sees disinflation, fund crisis contained
Turkey's central bank says disinflation is progressing and that the crisis surrounding troubled funds has been contained. The statement signals confidence that monetary tightening is bringing inflation down while the fallout from the fund troubles will not spread further through the financial system, though details on the bank's reasoning and outlook were limited in initial reports.
Why now: Investors and the public are closely watching Turkey's inflation fight and any signs of financial stress being brought under control.
TurkeyCentral Bank of the Republic of Turkey
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Evidence
- Turkey’s central bank sees disinflation, fund crisis contained · The Arab Weekly
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