“Deinflation” message from the President of the Central Bank: Pointing to 2024

Central Bank President Hafize Gaye Erkan stated, “We will continue to implement our roadmap for achieving deinflation in 2024 with determination.”

Hafize Gaye Erkan, the President of the Central Bank of the Republic of Turkey (CBRT), indicated that leading indicators suggested that both local and foreign investors had begun to increase their holdings of Turkish lira (TL) assets, stating, “We are determined to boost demand for TL assets, both locally and internationally.”

Erkan’s messages, delivered at the opening of the closed-to-press Islamic Development Bank-Central Banks Forum Meeting, were shared on the CBRT’s official address on the X social media platform.

“We will continue to implement our roadmap for achieving deinflation in 2024 with determination,” Erkan said, noting that recent regulations aimed to increase the share of TL deposits.

Erkan stated, “Leading indicators suggest that both local and foreign investors have started to increase their holdings of TL assets. We are determined to boost demand for TL assets, both locally and internationally.”