(Bloomberg) -- Turkey faces a tradeoff between ensuring disinflation and rebuilding its international reserves, a dilemma the central bank governor said may ...
-- Turkey faces a tradeoff between ensuring disinflation and rebuilding its international reserves, a dilemma the central bank governor said may sideline dollar purchases in favor of keeping a check on consumer prices.US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap
“We don’t want to be in a situation where we increase our reserves by a couple of billion dollars over a month or two but then lose out on the inflation goal,” Karahan said at a panel in Washington hosted by the Council on Foreign Relations. Karahan pointed to high demand and high inflation expectations as some of the main challenges. These are “making the investment climate not so favorable,” he said.
Turkey’s next rate-setting meeting is scheduled for April 25 and Karahan will present the latest inflation projections in May. Trump says $175 million bond is financially secure, asks judge to reject New York attorney general’s challenge
International Reserves Fatih Karahan Central Bank Governor Inflation Expectations Hard Currency
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