The new economic management, led by the Central Bank of the Republic of Turkey (CBRT) Governor Hafize Gaye Erkan and the Minister of Treasury and Finance Mehmet Şimşek, continues to take determined steps to make a new start for the Turkish economy. Last month, it made an unexpected move and increased interest rates from 17.5 percent to 25 percent in order to ensure economic stability and control inflation.
At the Monetary Policy Committee (MPC) meeting held today, the CBRT decided to pursue a further tightening policy in order to maintain economic balances and strengthen the fight against inflation. MPC, interest rates in percent 30 decided to raise the level.