Central Bank vows to maintain tight policy
Central Bank Governor Fatih Karahan speaks at event in the capital Ankara as he presents the bank’s third quarterly inflation report of this year. (İHA photo)
The Central Bank of Türkiye governor signaled on Aug. 13 that the monetary authority will maintain a strict policy stance despite a minor easing in consumer prices, warning that volatile global energy markets and elevated food costs threaten the country’s disinflation path.
Speaking in Ankara as he presented the Central Bank’s third quarterly inflation report of 2026, Gov. Fatih Karahan addressed the state of the economy following the release of official July inflation figures.
According to the Turkish Statistical Institute (TÜİK), Türkiye’s annual consumer price index (CPI) edged down slightly to 31.75 percent in July from 32.11 percent in June, with monthly prices rising 1.78 percent, coming in below market expectations.
