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Published on Friday, May 3, 2019 | Updated on Tuesday, May 7, 2019

Turkey | An Inflation-Forecast Targeting Regime

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Summary

The Central Bank of Turkey (CBRT) published last Tuesday its latest inflation report. We believe rather than opening the door to a tighter monetary policy, the CBRT is moving to Inflation Forecast Targeting (IFT) framework since the Governor stressed the change of words as a “structural approach” rather than a “short term signal of direction.