» Turkey: is the current central bank strategy sustainable? Decision Economics

Turkey: is the current central bank strategy sustainable?

Posted May 27, 2011 by CLeahey

[private]The TCB’s post-meeting communiqué makes clear that the bank has no plan to alter the policy course near-term; that even if inflationary pressures seemed to be intensifying it would “monitor the tightening impact of the existing policy mix” and “take additional measures along the same lines, if needed”. Translation: expect further reserve requirement increases before interest rates are hiked.
5-27-11–EMG INDICATORS AND INSIGHTS _Turkey’s Monetary Policy_[/private]