Turkey's central bank out with some comments
- Will take necessary actions to support price stability
- Will continue to use all available instruments in pursuits of price stability objective
- Policy is to be adjusted in September meeting in view of latest developments
- Recent developments regarding inflation outlook indicates significant risks to price stability
Big words being thrown out there by the Turkish central bank. They meet on 13 September next. That's providing a further relief rally in the lira as it strengthens to 6.50+ levels now against the dollar after having fallen to above 6.70 earlier before the inflation report was released.
