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Central Bank MPC meeting summary have been

In the summary of the meeting of the Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee (MPC), it was stated, “It has been decided that the simplification policy will be gradual for a smooth transition process.”

A summary of the Central Bank’s meeting held on June 22 has been published.

The summary, which was gathered under 8 sub-headings, pointed to the rise in the main trend of inflation.

“The Board has decided to implement a monetary tightening process, the steps of which are gradually strengthened as and when necessary,” the statement said.

It was stated that with monetary tightening, the existing micro and macroprudential framework should be simplified.

It was also emphasized that the banking system is strong and resilient to increases in policy interest rates.

Source: Trthaber / Prepared by Irem Yildiz

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