Türkiye’s central bank chief underscored that they are committed to achieving disinflation in 2024.
“We are prepared to take all necessary measures to achieve disinflation in 2024,” Hafize Gaye Erkan stated.
Speaking to a group of representatives of local and foreign agencies at the presidential complex, she said, “We anticipate that as the firmly implemented tightening monetary policy starts to yield results in 2024, domestic demand will align more closely with supply, and inflation expectations will be effectively managed.”
Erkan went on to say that they will persist with the process of monetary tightening until they witness a substantial improvement in inflation.
Also, the head of the central bank emphasized continuing efforts to strengthen the Turkish Lira thanks to the simplification process.
Choosing Turkish lira-based instruments for savings is a way to safeguard the Turkish lira, according to Erkan. “It is our responsibility,” she added.
Concerning the development of Türkiye’s digital currency, Erkan mentioned, “Preparations for the second phase are ongoing. We will publish our findings in the near future.”
She also expressed the intention to finalize the preparations for the upcoming digital Turkish Lira during the Medium Term Program period covering the years 2024-2026.
By Breaking News Turkey with AA