Türkiye's central bank will take all necessary measures to achieve its year-end inflation target of 24 per cent, including maintaining a tight monetary policy stance, Governor Fatih Karahan told state-run Anadolu Agency on Thursday. Speaking in New York, Karahan emphasised that the central bank will not allow demand pressures to disrupt the disinflation process. Since December, the bank has cut interest rates by a total of 750 basis points to 42.5 per cent, as annual inflation eased to 39 per cent. However, analysts predict inflation will remain above the 24 per cent target by year-end. Karahan reaffirmed the bank's commitment to sustaining a restrictive policy until inflation stabilises, adding that a firm stance on monetary policy will support confidence in the Turkish lira. The central bank began tightening policy in mid-2023 after years of unorthodox easing led to currency depreciation and soaring inflation. Attribution: Reuters Subediting: M. S. Salama
