Central Bank Governor Karahan's Statements on Fund Outflows and Deposits
CBRT Governor Karahan stated that the mobility in money market funds has shifted towards deposits and delivered a price stability message.
Central Bank of the Republic of Turkey Governor Fatih Karahan announced in his presentation at the Turkish Grand National Assembly Plan and Budget Committee that outflows from money market funds have turned towards deposits.
Presentation at the Parliament Committee
Central Bank of the Republic of Turkey Governor Fatih Karahan made a presentation to members of parliament at the Turkish Grand National Assembly Plan and Budget Committee.
Fund Outflows Shifted to Deposits
Karahan stated that outflows from money market and similar funds have been observed recently, but these fund outflows have largely headed towards the deposit sector.
Emphasis on Price Stability
The Central Bank Governor emphasized that they will continue to resolutely use all policy tools at their disposal in line with achieving the price stability target.
Disinflation Process and Developments
During the presentation, attention was also drawn to the effects of geopolitical developments on the disinflation process, and the current situation was evaluated.