{"id":6486,"date":"2019-01-31T10:16:42","date_gmt":"2019-01-31T02:16:42","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=6486"},"modified":"2019-01-31T10:16:44","modified_gmt":"2019-01-31T02:16:44","slug":"turkish-central-bank-cuts-inflation-forecast-vows-to-keep-tight-policy","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=6486","title":{"rendered":"Turkish Central Bank Cuts Inflation Forecast, Vows To Keep Tight Policy"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>ANKARA, Turkey, Jan 31 (NNN-AGENCIES) &#8211; The Turkish Central Bank, on Wednesday, cut its 2019 inflation forecast to 14.6 percent, meanwhile, vowing to keep a tight monetary policy until current inflation is improved.<\/p>\n\n\n\n<p>In the first quarterly inflation report this year, the bank lowered its 2019 inflation rate forecast by 0.6 percentage points, from the 15.2 percent estimate given in Oct.<\/p>\n\n\n\n<p>The inflation rate will fluctuate between 11.9 percent and 17.3 percent through the end of 2019, with a 70 percent probability, the report said.<\/p>\n\n\n\n<p>The bank also lowered its inflation forecast to 8.2 percent for 2020, down from 9.3 percent in the previous report, and maintained its medium-term inflation target of five percent in three years.<\/p>\n\n\n\n<p>Turkey&#8217;s Central Bank Governor, Murat Cetinkaya, stressed that, a tight monetary policy stance will be maintained until the inflation outlook shows significant improvement.<\/p>\n\n\n\n<p>Consumer price inflation spiked to a 15-year high in Oct, 2018, of over 25 percent before falling to 20.3 percent in Dec, hitting consumers hard, as the Turkish lira also weakened.&#8211; NNN-AGENCIES <\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANKARA, Turkey, Jan 31 (NNN-AGENCIES) &#8211; The Turkish Central Bank, on Wednesday, cut its 2019 inflation forecast to 14.6 percent, meanwhile, vowing to keep a tight monetary policy until current inflation is improved. In the first quarterly inflation report this year, the bank lowered its 2019 inflation rate forecast by 0.6 percentage points, from the [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[209],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/6486"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6486"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/6486\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6486"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}