Fitch: Turkey 'Road Map' Delay Shows Policy Credibility Weakness
(The following statement was released by the rating agency) LONDON, January 22 (Fitch) The delay to the Turkish central bank's road map for global monetary policy normalisation highlights the long-standing weakness of economic policy coherence and credibility, Fitch Ratings says. The Central Bank of the Republic of Turkey (CBRT) gave no indication of when it would begin its "monetary policy simplification steps" when it announced the monetary policy committee's interest-rate decision on Tuesday. At its previous meeting on 22 December, the committee had indicated that these steps would begin in January,
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