Karahan emphasizes tight monetary policy: New steps will be taken if necessary

Turkish central bank governor Fatih Karahan said the TCMB will tighten monetary policy if inflation shows a clear and lasting deterioration, reaffirming a meeting-by-meeting, cautious approach to rate decisions. He noted annual inflation eased to 29.8% in October. The remarks signal the bank is keeping a tightening bias even as price growth slows, leaving the door open to further rate hikes. Investors will watch upcoming inflation prints and the bank's next policy meeting for signs of whether additional steps are needed.