Turkey's new central bank governor has announced plans to implement a tight monetary policy until inflation is brought under control. This decision comes as part of ongoing efforts to stabilize the country's economy and restore confidence in the financial markets.
Governor Şahap Kavcıoğlu, who was recently appointed by President Recep Tayyip Erdogan, has laid out his strategy to combat inflation, which currently stands at an alarming 15.61%. Kavcıoğlu believes that maintaining a restrictive monetary policy is vital in order to curb inflationary pressures and restore macroeconomic stability.
