La Banca centrale turca sta valutando una modifica alla politica monetaria per la prossima riunione (Bloomberg)
Turkey's central bank will adjust monetary policy at next week's policy meeting.
According to Bloomberg News, it states the central bank on Monday.
"Recent developments in inflation prospects indicate significant risks to price stability. Therefore, the central bank will take the necessary measures to support price stability," they write.
"Thus, in line with previous communications, the monetary policy stance will be adjusted at the policy meeting in September in the light of recent developments," they continue.
The next policy meeting will be held on September 13th. The key rate is currently at 17.75 percent, but the authorities have been hesitant about interest rate hikes while the lire has fallen, and instead has taken other technical measures, such as changes in taxes, to support the currency.
CPI data on Monday showed that inflation rose to 17.90 percent in August from 15.85 percent in July. PPI inflation rose to 32.13 percent from 25.00 percent.
The Turkish lira, which continued to lose when trade began after the weekly weekend at the end of August, is strengthening some Monday.