Quotes
Ramadan, the Muslim holy month, typically increases inflationary pressures, and the central bank will need to tread carefully regarding future decisions,
While inflation expectations and pricing behavior tend to improve, they continue to pose risks to the disinflation process,
Following the increase in January, the underlying trend of inflation decreased in February. Over this period, core goods inflation remained relatively low, while services inflation slowed down after the idiosyncratic increase in January,
Accordingly, the policy rate will be determined in a way to ensure the tightness required by the projected disinflation path taking into account realized and expected inflation, and the underlying trend,
Going forward, increased coordination of fiscal policy will also contribute significantly to this process,
Although domestic demand was above projections in the fourth quarter of 2024, it remained at disinflationary levels. Leading indicators suggest that domestic demand remains disinflationary in the first quarter of this year,
the bank's Monetary Policy Committee said in a statement The decisiveness regarding tight monetary stance is strengthening the disinflation process through moderation in domestic demand, real appreciation in Turkish lira, and improvement in inflation expectations,
