ISTANBUL: Turkish central bank governor Murat Cetinkaya said another round of monetary tightening was still possible despite a change in a policy statement last week that spooked investors. The lira trimmed losses.
The change in the language of the Monetary Policy Committee’s statement last week, in which it dropped a commitment to deliver further tightening if needed, wasn’t about a “short-term policy direction,” the governor told a news conference in Istanbul on yesterday.
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