The Turkish central bank pledged to "do everything" it can to bring inflation down in line with its targets, despite a recent slowdown in disinflation, its governor said on Wednesday.
In a live interview broadcast by the bank, Central Bank of the Republic of TΓΌrkiye (CBRT) Governor Fatih Karahan likened inflation to a virus, but said the correct policy steps are being taken and that they have "achieved a lot of results so far."
"There has been a recent slowdown in disinflation, but even so, we will do our best to reduce inflation in line with our targets by recalibrating the monetary policy tightness and taking the necessary measures," he said.
"Demand conditions are currently consistent with disinflation," he added.
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