Turkey’s finance minister Berat Albayrak was out on the wires in the last hour, reiterating that Turkey doesn’t plan to seek IMF support and that the central bank would not hesitate to take necessary steps.
Key quotes:
“¢ Monetary policy will continue to be shaped within the target of price stability.
“¢ The central bank has likely been more independent than those of other countries.
“¢ Will continue on with this independence.
“¢ Needs a full-fledged fight against inflation at this point.
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