WASHINGTON (Reuters) -Turkey’s deputy central bank governor Hatice Karahan said on Wednesday that monetary policy tightness will be the main risk management tool to overcome the current volatility.
“The main thing here for us in this turbulent time is giving the message about our strong monetary policy stance,” Karahan said at an Institute of International Finance event on the sidelines of the IMF/World bank meetings in Washington.
“The tightness in our monetary stance will be the main risk management tool for us to overcome these things.”
The IMF on Tuesday lowered its forecast for global economic growth for this year and next, citing century-high tariffs in the United States and the prospect of a trade war.
(Reporting by Karin Strohecker; writing by Rodrigo Campos; editing by Chris Reese)
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