BREAKING NEWS: First statement by the new director of the Central Bank, Şahap Kavcıoğlu

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Şahap Kavcıoğlu, the new president of the Central Bank, made a statement.

Kavcıoğlu stated the following in his statement:

“The Central Bank of the Republic of Turkey, determined by the Law on Duties and Powers in the framework of inflation in line with the fundamental objective of achieving a durable downward trend, will continue to use monetary policy tools effectively.

Although the fall in inflation will positively affect macroeconomic stability through the reduction of country risk premiums and the permanent improvement of financing costs, it will also contribute to the creation of the necessary conditions for a sustainable growth that increases investment. , production, exports and employment.

In this context, the meetings of the Monetary Policy Committee will be held in accordance with the schedule previously announced to the public, and in line with the principles of transparency and predictability in the policies to be implemented.
Channels of communication with all stakeholders will be used effectively. “


Kavcıoğlu will hold an online meeting with the bank’s CEOs at 4pm today.


Kavcioglu, in a statement on his Twitter account, “We began our mission as President of the Central Bank of the Republic of Turkey. Sir, present in our country and our holy nation gave eylesin a good service,” he said.

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