Turkish MPC eyes volatility as it prepares move to standardised framework
Lower volatility will be key factor in move to a narrower rate corridor, minutes say
The Central Bank of the Republic of Turkey's monetary policy committee (MPC) is focusing on falling global volatility as the key factor determining its move to a more standard framework for policy, the minutes of its latest meeting say.
Published on March 1, the minutes say the wide and variable interest rate corridor has helped "contain" volatility in past years, but the need for such an instrument is declining as volatility settles down. Its policy "roadmap" includes the aim of moving to a
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