President Shihab Kavcioglu Central Bank of the Republic of Turkey, the bank held a meeting with the general manager in the management of the Banks Association of Turkey.
In his post on his Twitter account, Kavcıoğlu stated that they had a very productive meeting with the bank general managers under the management of TBB and said “I thank our stakeholders for their support.”
I thank you for our bank general manager of the Banks Association of Turkey in the management support they give to our gerçekleştirdik.paydaş a very productive meeting. pic.twitter.com/f7QOPT97jk
– Şahap Kavcıoğlu (@sahapkavcioglu) March 21, 2021
FIGHT AGAINST INFLATION:
The new head of the CBRT, Şahap Kavcıoğlu, met with the bankers. It was learned that Kavcıoğlu gave the message that the primary priority at the meeting is fight against inflation. In addition, Kavcıoğlu gave the message that the CBRT will not make a sudden monetary policy change.
FIRST EXPLANATION FROM CENTRAL BANK CHAIRMAN KAVCIOĞLU:
Central Bank Governor Şahap Kavcıoğlu made his first statement on the official website of the CBRT. Kavcioglu, “Central Bank of the Republic of Turkey, in accordance with the basic goal of providing permanent decline in inflation in the framework of The Law provides defined duties and powers will continue to use monetary policy tools in an effective way,” he said.
Kavcıoğlu gave the following statements in his statement:
“Central Bank of the Republic of Turkey, duties and powers within the framework established by Law in line with the fundamental objective of achieving lasting decline in inflation will continue to use monetary policy tools in an effective way.
The decline in inflation will positively affect macroeconomic stability through the decline in country risk premiums and permanent improvement in financing costs, while contributing to the creation of the necessary conditions for sustainable growth that will increase investment, production, exports and employment.
In this context, the Monetary Policy Committee meetings will be held in accordance with the schedule previously announced to the public, and communication channels with all stakeholders will be used effectively in line with the principles of transparency and predictability in policies to be implemented. “