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FYI 😃🤗

Gate.io reports on July 4: Central Bank Governor Karahan stated that the Central Bank of Turkey will continue its tight policy to combat inflation. The active policy of the Central Bank of Turkey has begun to reduce inflation. "We will continue our tight policy and expect the data and expectations to be consistent with our trend of slowing inflation. We believe that we need to make more progress on this," said Karahan. "We hope to see a clear and continuous decrease in the underlying trend of monthly inflation. We are very determined to reduce inflation," he added. Since March, the Central Bank of Turkey has raised the policy interest rate to 50% and has committed to consistently maintain its policy, promising to take action if the inflation outlook worsens. Since June last year, the central bank has increased the interest rate by 4150 basis points and reversed the low-interest rate policy advocated by Turkish President Erdoğan to promote economic growth.