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Turkey Has 'Done Enough' to Tighten Monetary Policy, Simsek Says.
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- Author(s): Ersoy, Ercan; Akman, Beril
- Source:
Bloomberg.com; 3/5/2024, p1-1, 1p- Subject Terms:
- Source:
- Additional Information
- Subject Terms:
- Abstract: Turkish Treasury and Finance Minister Mehmet Simsek stated that Turkey has already taken sufficient measures to tighten monetary policy, despite predictions from global banks that further interest-rate hikes may be necessary due to worse-than-expected inflation. Simsek mentioned that additional selective credit tightening and quantitative tightening steps are being planned, and that Turkey is currently in a transition period. This perspective contrasts with some market views, as economists at JPMorgan Chase & Co. now predict a rate hike of up to 500 basis points in April. The central bank has already implemented significant rate increases, but has not ruled out further tightening if inflation worsens. [Extracted from the article]
- Abstract: Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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