Business & FinanceGovernment04 July 2024, 5:50 pm 1 minute

Reuters published an exclusive interview with Turkish Central Bank Governor Fatih Karahan – his first with the media since becoming chief in February – on the heels of data showing a long-awaited turnaround in the country’s soaring inflation rate. Karahan’s comments that the central bank was “extremely determined” to combat soaring prices and would patiently maintain its tight policy tempered growing expectations of a rate cut within the next few months. 

Market ImpactThe central bank has held policy steady, vowing to act if the inflation outlook worsens, since raising rates by 500 basis points, or 5 percentage points, to 50% in March. 
Article TagsTopics of Interest: Business & FinanceGovernmentType: Reuters BestSectors: Business & FinanceGovernment & Public ServicesRegions: Europe / Middle East / AfricaCountries: TurkeyWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Significant National Story