Turkish Central Bank Head Wants to Banish Talk of Early Rate Cut
- Karahan sees policy shaped by inflation goals beyond this year
- Governor discusses rate guidance, swaps, reserves in interview
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Turkey’s central bank governor delivered his most emphatic message yet to foreign investors worried about premature easing, saying he wants to ensure he can meet inflation goals beyond this year before discussing interest-rate cuts.
“Any actions we take on policy rates should be calibrated so as to hit the inflation target in 2025 and beyond,” Fatih Karahan told Bloomberg in the first sitdown interview he’s given since being appointed more than five months ago.