While the Central Bank of the Republic of Turkey announced its Monetary and Exchange Rate Policy for 2022; It maintained its inflation target as 5 percent and announced that the floating exchange rate regime would continue.
The Central Bank of the Republic of Turkey (CBRT) has prepared the Basic Framework of Monetary and Exchange Rate Policy for 2022. shared. The Monetary Policy Committee (PPK) will hold 12 meetings a year in 2022 within the framework of a previously announced calendar. The first meeting will be held on January 20, 2022. It was stated that the medium-term inflation target determined together with the government will be maintained as 5 percent, while the monetary policy will be formed in a way that will bring inflation closer to this target gradually.
The CBRT’s main policy instrument remains the one-week repo auction rate.
CBRT will use required reserves as a supportive tool for price stability and financial stability purposes. In this framework, the Reserve Option Mechanism will be completely terminated in 2022, while the costs of FX liabilities will be increased, mechanisms that will support the development of Turkish lira deposits will be prioritized. it will. In this context, in 2022, the CBRT will use its policy tools in the most effective way in order to ensure the healthy functioning of the monetary transmission mechanism and to limit the risks related to macro financial stability.
The floating exchange rate regime will be maintained and exchange rates,
It is aimed to strengthen the CBRT’s foreign exchange reserves in terms of the effectiveness of monetary policy and financial stability. The CBRT will continue to increase its reserves in 2022 if the market conditions are suitable.
Labels
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
ArtShip Design 10 Black Acrylic Paint Pens, Double Pack of Both Extra Fine and Medium Tip Paint Markers, for Rock Painting, Mug, Ceramic, Glass, and Fabric Painting, Water Based Non-Toxic and No Odor
$12.02 (as of December 18, 2024 19:11 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
VTSGN Portable Karaoke Machine for Adults, Bluetooth Speaker with 2 Wireless Microphones, 7-Color LED Lights, PA System, TWS, TF/USB/AUX Inputs, Ideal for Indoor and Outdoor Events
$59.99 (as of December 18, 2024 19:04 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Stanley IceFlow Stainless Steel Tumbler - Vacuum Insulated Water Bottle for Home, Office or Car Reusable Cup with Straw Leak Resistant Flip Cold for 12 Hours or Iced for 2 Days, Black 2.0, 30oz
$35.00 (as of December 18, 2024 19:32 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
eKids Moana 2 Karaoke Microphone for Kids, Bluetooth Microphone Includes Built-in Music and Light Show, Designed for Fans of Moana Toys
$19.99 (as of December 18, 2024 19:04 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
