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Economy Minister Elvan: The Central Bank is responsible for implementing policies

Treasury and Finance Minister Lutfi Elvan made statements regarding the central bank and its fiscal policy:

‘’The central bank is responsible for determining and implementing policies and tools to ensure price stability. We will strengthen the administrative capacities of all relevant institutions, especially financial institutions, and increase their operational competencies. The healthy functioning of the monetary transmission mechanism of the Central Bank is critical in achieving the goal of price stability.

The Central Bank announced that it will adopt a simple monetary policy framework in the upcoming period by increasing transparency and predictability. We will formulate our fiscal, financial sector and public finance policies in a way that permanently maintains price stability.’’

source: AA / translated by Melisa Karayusufoglu

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