Inflation expectations continue to improve and are broadly in line with the central bank's projection of 8.2% by year-end, the Central Bank of the Republic of Turkey (CBRT) said Thursday.
In the minutes of its policy meeting last week, released Thursday, the bank said its own policy will depend on further disinflation.
The bank cut its key interest rate to 11.25% earlier this month from 24% since July 2019 on the back of stabilizing lira and a drop in inflation, which was 11.8% in December.
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