“It is the Central Bank’s duty to ensure price stability. The main purpose of the Price Stability Committee is to develop solutions against supply shocks that pose a risk in inflation. There is no intervention in the Central Bank in any way,” Elvan tweeted.

Fiyat istikrarını sağlama görevi Merkez Bankası’nındır.

Fiyat İstikrarı Komitesi'nin ana amacı, enflasyonda risk oluşturan arz şoklarına karşı çözüm önerilerinin
geliştirilmesidir.

Hiçbir şekilde Merkez Bankası’na müdahale söz konusu değildir.

— Lütfi Elvan (@lutfielvan) June 30, 2021

Early Wednesday, Turkey announced the establishment of the “Price Stability Committee” to help step up the country’s fight against inflation.

Under the coordination of the Treasury and Finance Ministry, the committee will aim to boost the effectiveness of Turkey’s fight against inflation and an early warning system for food prices. (ILKHA)