"Recent developments regarding the inflation outlook indicate significant risks to price stability. The Central Bank will take the necessary actions to support price stability," said Turkish Central Bank.

The Central Bank of the Republic of Turkiye [CBRT] issued an explanation regarding inflation figures announced Monday by  TurkStat, said necessary actions will be taken to support price stability.

The Central Bank will take the necessary actions to support price stability, said the Central Bank and added: Accordingly, in line with the previous communication, monetary stance will be adjusted at the September Monetary Policy Committee Meeting in view of the latest developments.

The Central Bank also continued that it will continue to use all available instruments in pursuit of the price stability objective. (ILKHA)

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