Message from the Central Bank that ‘the restrictive stance of monetary policy will continue’

last minute “data-mce-href =” “> Latest news! the central bank (MEGABYTE) inflationHe also gave the message that a restrictive monetary policy will be maintained until a permanent fall and price stability is achieved.

CBRT officials today made a videoconference presentation on “Macroeconomic Outlook and Monetary Policy,” as part of the meetings with investors that were held as part of the Bank’s communication strategy. The presentation was posted on the CBRT website.

In the presentation, which indicated that economic activity followed a strong course, it was observed that the restrictions applied by the increasing number of cases generated uncertainty, especially in the services sector, about the prospects for short-term economic activity.

In the presentation, he carried out the following evaluations:

“The fact that inflation expectations are above the projected target requires the continuation of the restrictive monetary policy for a long time. The negative impact of domestic demand, which was strengthened by the accumulated effects of high credit growth during the epidemic period, on the current account balance The conditions of domestic demand, the effects of accumulated costs, especially the exchange rate, the increase in international prices of food and other raw materials and the high levels of Inflation expectations continue to negatively affect the behavior of prices and the inflation outlook.

In the presentation, it was indicated that there will be an additional monetary adjustment if necessary.

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