Turkish central bank to keep tight policy until inflation improves

ISTANBUL: The Turkish central bank will keep its monetary policy tight until there is a clear improvement in the inflation outlook, Governor Erdem Basci told a parliamentary commission in a presentation published on Wednesday.

"The positive impact of macroeconomic measures adopted early this year and the tight stance in monetary policy is observed on core inflation trends," Basci told the parliament's planning and budget commission, according to the presentation.