Title: Turkish Central Bank Plans to Adopt Strict Monetary Policy Until Inflation Decreases

The new governor of the Turkish Central Bank, Fatih Karahane, announced today that "his team is determined to adopt a strict approach to monetary policy until inflation decreases to levels consistent with its targets." Karahane added in his first statements since taking office, "We will monitor inflation expectations and pricing behaviors. We are ready to take action in case of any deterioration in inflation expectations."