Interest message from Central Bank Governor Fatih Karahan

TCMB Governor Fatih Karahan announced that they will determine the policy rate in line with inflation realizations and expectations. Karahan stated that they will take the necessary measures if demand affects disinflation.

Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye, made statements at the 93rd Accounting Period Ordinary General Assembly Meeting of the Central Bank of the Republic of Turkey.

Highlights from Karahan's speech were as follows:

"Recently increasing uncertainties and geopolitical developments have increased downside risks to global growth in 2025.

Although services inflation rose slightly in January, it started to slow down significantly in February and March.

The limited depreciation of the TL reduced the inflationary pressures coming from this channel.

We immediately took steps to support the monetary transmission mechanism in light of the developments in domestic and international financial markets in March and April.

The limited depreciation of the TL reduced the inflationary pressures coming from this channel.

We will continue to monitor liquidity conditions closely and use them effectively.

If a significant and persistent deterioration in inflation is anticipated, we will tighten our monetary policy.

Price stability is a prerequisite for sustainable growth, and as a Bank we will continue the disinflationary process."