Elvan: We Will Support the Monetary Policy in Structural Dimensions

Elvan: We Will Support the Monetary Policy in Structural Dimensions Minister of Treasury and Finance Lütfi Elvan said, “We will support the monetary policy with the steps taken in the structural dimensions.” Minister of Treasury and Finance Lütfi Elvan made an assessment on the issue after the announcement of inflation figures. Sharing his assessment on his official Twitter account, Minister Elvan gave the following statements:

“We will take a decisive stance in the fight against inflation with a holistic approach. We will support the monetary policy with the steps taken on a structural dimension. 2021 will be a year of reform that focuses on macroeconomic stability. In this period when monetary policy is focused on inflation, the need for additional support that pandemic conditions may bring will be met through selective and targeted public finance policies. We will also take measures to bring financial discipline to a quality and stable structure.”

  Inflation Figures Announced Today Turkish Statistical Institute (TURKSTAT) announced inflation data today. According to the announced data, the consumer price index increased by 14.6 percent compared to the same period of the previous year, and increased 1.25 percent compared to the previous month. In December, the producer price index increased by 25.15 percent on an annual basis, while it increased 2.36 percent on a monthly basis. According to the announced data, core inflation was recorded as 14.30 percent in December.