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Central Bank Governor Karahan: "The Aim of Disinflation Is to Protect the Purchasing Power of the poor."
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Central Bank Governor Fatih Karahan stated that in high inflation, the group losing purchasing power the fastest is citizens with low and fixed incomes. Karahan argued that the disinflation process is not implemented to burden low-income earners with costs, but to permanently protect their purchasing power. He noted that interest rate decisions are not based on a single data point, and that tight monetary policy increases confidence in the Turki…
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