“We held the first of our Price Stability Committee meetings. We discussed the recent developments regarding inflation and the steps to be taken regarding the risks in this regard,” Nebati tweeted.

 

 

The Price Stability Committee was established by Presidential Decree numbered 74, published in Official Gazette dated June 30.

The Decree tasks the Committee with advancing and maintaining domestic price stability by identifying threats to price stability, structuring and implementing appropriately coordinated fiscal and monetary policies and price controls, and overseeing and enforcing same

The Committee aims to develop structural policy proposals to ensure price stability by taking into account the coordination between monetary and fiscal policies, and to determine the safeguards to be implemented by monitoring the risks threatening price stability; and to render decisions to ensure that these measures are implemented by the relevant institutions and organizations.

The committee members include the president of the Central Bank of the Republic of Turkey, head of Strategy and Budget, minister of Treasury and Finance, Minister of Labor and Social Security, Minister of Energy and Natural Resources, Minister of Industry and Technology, Minister of Agriculture and Forestry, and minister of Commerce. (ILKHA)