The Central Bank of Turkey announced that the application of currency-protected deposits will end in 2025.
This came in the Central Bank’s announcement of the monetary policy path for the coming year, where it announced that it plans to end the application of currency-protected deposits.
The report stressed that the main goal of the bank is to ensure price stability, and said, “All available tools will continue to be used firmly for this purpose.”
It stressed that the monetary policy stance is determined to ensure the continuation of the inflation reduction process.
“In 2025, exchange rates will continue to be formed under free market conditions. The Central Bank will not conduct any foreign exchange purchase or sale transactions to determine the level or direction of exchange rates.”
The report also opened a separate bracket for the bank’s communication strategy and announced that effective communication with the press, academic circles and investors will continue, and social media accounts will be used as effective communication tools.
