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06 Dec 2017, Gergana Bencheva, EMIS Editor

Turkey’s central bank to maintain inflation target in 2018

Turkey’s central bank plans to maintain its inflation target in 2018 and this approach will shape its monetary policy regime for next year, Anadolu Agency reported citing the bank's Monetary and Exchange Rate Policy for 2018.

The bank underlined that its main objective over next year would be to maintain price stability and its monetary policy decisions would be based on inflation expectations and pricing behavior.

Inflation target for the period 2018-2020 is set at 5% in line with an agreement between the central bank and the Turkish government. As for 2018 alone, the bank also plans to continue using a floating exchange rate so it would not be used as a policy instrument, Anadolu Agency noted.

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