The CBRT issued a summary of the Monetary Policy Committee. In January, inflation will increase in compliance with predictions, while the PPK’s decisions will continue to take the look of inflation.
PPK, monetary policy stable stance in the Turkish Lira’s valuation and inflation expectations by the improvement of the disinflation process said.
PPK summary is as follows;
“Strict monetary policy stance will be maintained until permanent decrease in inflation and price stability is achieved. Monetary policy tools will be used in case of a significant and permanent deterioration in inflation.
In case of developments outside the foreseen in the credit and deposit markets, the monetary transfer mechanism will be supported by steps. Liquidity conditions will be closely monitored and sterilization tools will continue to be used effectively with additional measures.
Taking into account the delayed effects of monetary tightening of the policy decisions, the Board shall determine the main tendency of inflation in a way that provides monetary and financial conditions that will reach the target of 5 percent in the medium term.
In this respect, all monetary policy instruments will be used with determination.
The Board will take its decisions within a predictable, data -oriented and transparent framework. “
INFLATION
In the statement stated that the pioneering data pointed to an increase in the main tendency of inflation in January in January, as follows:
“In this development, high service items of time -dependent price determination and past inflation are high. It is predicted that it will rise again in January, while the impact of the tax update is largely strengthened as a result of the price developments. “
