Turkish street market/Bloomberg

Economy

Turkey's central bank governor says inflation to decline gradually

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The central bank governor said that the country’s current-account balance is expected to maintain its improving trend.

Sunday 14, April 2019

(Bloomberg) --Turkey’s Central Bank Governor Murat Cetinkaya expects price growth to gradually decelerate as core inflation measures are already showing a slowdown.

Developments with domestic demand and the bank’s tight monetary policy have led to some improvement in inflation indicators and the central bank will continue to use all available instruments to achieve price stability, Cetinkaya said.

Turkish consumer prices rose 19.7 per cent from a year earlier in March, with the core measure that strips out the impact of volatile items such as gold, food and energy dropping to 17.5 per cent.

Additionally, the International Monetary Fund’s (IMF) latest World Economic Outlook sees average consumer price growth slowing to 17.5 per cent in 2019 and to 14.1 per cent next year.

 

TAGS : inflation , Murat Cetinkaya, CBRT, IMF

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