CBRT’s Uysal: Tight monetary policy stance reduced inflation outlook

Reuters reports the latest comments from the Turkish central bank (CBRT) Governor Uysal, with the key headlines found below.

Turkey's CDs declined fast from June.

Tight monetary policy stance reduced inflation outlook.

Domestic demand continues to positively impact inflation.

Implied Lira volatility declined in recent period.

Turkish Lira trades firmer so far this Wednesday, knocking-off USD/TRY to 5.5150 levels, down 0.80% on the day.