tcmb speech, 2024-04-30
As inflation exceeded our projections in the third quarter of the year, and the stickiness of services prices and the deterioration in inflation expectations continued to exert upward pressures on inflation, we continued the monetary tightening process in the September-December period, raising the policy rate from 25 percent to 42.5 percent.
Sentiment: rate_hike
Topic: mp_interest_rate