“It’s early to talk about the rate cut” By Investing.com

© Reuters.

Investing.com – President Naci Ağbal, who presented the first inflation report of 2021, stated that they anticipate that the tight monetary policy will continue to be implemented during the year and thus inflation will decrease to the targeted level of 9.4% at the end of the year, and a determined struggle to achieve price stability is full-time and He stated that he will continue with determination.

The center’s inflation targets are 9.4% for 2021; While it will be 7% for 2022 and 5% for 2023, Ağbal said that our cautious stance in monetary policy will be resolutely maintained until 2023, when the 5% inflation target will be reached, and will continue to use all the tools available to the board to reach the 5% target.

Ağbal, on the question of whether there will be changes in the monetary policy during the year; We make decisions in line with the main target of 5%, but pricing behavior and deterioration in expectations are very important in the short term. We think that tight monetary policy should continue for this to enter a downward trend. We think it is too early to talk about the rate cut for this year with the data we have, he answered.

The dry, which reached the level of 7.43 at the beginning of the day, decreased to 7.3650 after Ağbal’s falconry statements.

Author: Deniz Engin

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