Turkey's central bank has signalled it is ready to hike interest rates and intervene in the currency market after data showed inflation rising sharply in May, private television channel CNN Turk said on Sunday.
It said new central bank governor Durmus Yilmaz had dropped the hint of a tightening of monetary policy during a meeting with some Turkish journalists in Istanbul on Sunday.
The bank's monetary policy committee holds its monthly meeting to review the inflation situation on Wednesday, June 7, and will announce afterwards whether it will raise or cut interest rates or, as last month, leave them unchanged.
Turkey has been particularly badly hit by weeks of turbulence in global emerging markets, with the lira currency shedding about 14 percent of its value in May. It resumed its slide after Friday's inflation data was released.
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