Turkish Finance Minister: There is no intervention in the Central Bank in any way

Turkey’s Treasury and Finance Minister Lütfü Elvan said that there is no question of intervention in the Central Bank.

Ekleme: 30.06.2021 15:10:21 / Güncelleme: 30.06.2021 15:10:21 / English News
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“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.

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)