
It was claimed that CBRT President Fatih Karahan stated at the investor meetings in Bangkok that the pass-through of the depreciation of the Turkish Lira to inflation had decreased and that the adjustments in the exchange rate were made within this scope.
AI-generated summary
Fatih Karahan attends the IMF and World Bank annual meetings held in Bangkok.
It was claimed that Fatih Karahan, Governor of the Central Bank of the Republic of Turkey (CBRT), made remarkable evaluations regarding the course of the Turkish Lira in the meetings he held with investors in Bangkok.
According to Bloomberg News, based on people with direct knowledge of the matter, Karahan said that the depreciation in the exchange rate was allowed to accelerate in order to prevent the Turkish Lira from experiencing a sharper depreciation in the long term.
It was stated in the news that Karahan stated that the weakening in economic activity reduced the pass-through of the depreciation of the Turkish Lira to inflation.
It was claimed that Karahan linked the timing of the exchange rate adjustment with this development.
Karahan attends the annual meetings of the International Monetary Fund (IMF) and the World Bank held in Bangkok.
It was stated that the evaluations in question were made in investor meetings closed to the press, and the information was conveyed by people who attended the meetings and did not want their names to be disclosed.
CBRT did not comment on the allegations in the news.

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