CBRT says protectionism may drive up inflation
In MPC meeting minutes, central bank says tight policy has supported disinflation seen thus far
The Central Bank of the Republic of Turkey (CBRT) has signalled that increased trade protectionism internationally could drive up domestic inflation.
In a summary of its most recent monetary policy committee (MPC) meeting, published on March 13, the CBRT said protectionist tendencies had “exacerbated upside risks to inflation”.
It added that central banks in emerging economies would be more cautious in cutting rates owing to “the recent heightened global uncertainties”.
The MPC decided during the
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