FAMAGUSTA GAZETTE – Central Bank Governor Fatih Karahan reaffirmed Türkiye’s commitment to disinflation despite recent political developments.
Speaking at a German Chamber of Commerce and Industry event on Wednesday, Karahan emphasized the bank’s dedication to monetary tightening, stating, “We will maintain a firm stance in our monetary policy.”
Karahan acknowledged recent financial market volatility, including a 3% rise in the exchange rate, a 71-basis-point increase in the country risk premium, and a 4.5-point jump in the 10-year bond yield benchmark.
He warned these fluctuations could elevate inflation risks in April but assured that swift measures had been implemented to stabilize the macroeconomic outlook.
Meanwhile, Istanbul Mayor Ekrem Imamoglu, a prominent opposition figure, was detained alongside 100 others on corruption and terror-related charges.
His arrest, followed by formal imprisonment on Sunday, has shaken financial markets and sparked investor concerns.
Imamoglu’s detention comes amid heightened political tensions, further complicating Türkiye’s economic landscape.