Published on Friday, May 3, 2019 | Updated on Tuesday, May 7, 2019
Turkey | An Inflation-Forecast Targeting Regime
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.
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- Türkiye
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- Macroeconomic Analysis
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- Monetary policy
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Authors
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Álvaro Ortiz
BBVA Research - Head of Analysis with Big Data