Economics
Turkey Says April Rate Cut Shouldn’t Be Taken for Granted
- New central bank Governor Kavcioglu speaks to Bloomberg
- Kavcioglu: ‘strict adherence’ to 5% official inflation goal
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Turkish central bank Governor Sahap Kavcioglu said markets shouldn’t take for granted that he’ll cut interest rates as soon as April, when he sets monetary policy for the first time since his surprise appointment.
“I do not approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately,” Kavcioglu said in a written response to questions emailed by Bloomberg News, referring to monetary policy committee meeting next month.