Central Bank Governor Karahan: Fund Outflows Did Not Weaken the Preference for the Turkish Lira.
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Central Bank Governor Karahan stated that fund outflows did not negatively affect the preferences of domestic residents towards Turkish lira assets, and that the tight monetary policy would be maintained until the disinflation process is completed.
Central Bank Governor Fatih Karahan stated that fund outflows have not significantly weakened the preference of domestic residents for Turkish Lira-denominated assets. He emphasized that potential contagion effects from funds subject to transaction restrictions have been limited through proactive measures, and that the preference for the Turkish Lira remains strong under tight monetary policy.
Turkish Central Bank (TCMB) Governor Fatih Karahan stated in a presentation in Bangkok that fund outflows have not significantly weakened residents' preference for Turkish lira-denominated assets. Karahan also conveyed the message that the tight monetary policy stance will be maintained in the fight against inflation.
Turkish Central Bank (TCMB) Governor Fatih Karahan stated in a presentation in Bangkok that fund outflows have not significantly weakened residents' preference for Turkish lira-denominated assets.
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