TCMB Governor Karahan: Slowing Demand Supports Disinflation

Fatih Karahan, Governor of the Central Bank of the Republic of Turkey (TCMB), stated during a presentation in London that the slowdown in economic demand is positively contributing to the disinflation process. Karahan emphasized that the tight monetary policy is keeping demand for the Turkish lira strong. Karahan noted that the central bank's tight stance is a crucial tool in combating inflation, adding that these policies have increased confidence in the Turkish lira and provided stability in exchange rates. He further stated that the slowdown in demand is reducing price pressures, thereby facilitating the achievement of the disinflation target. Karahan's remarks created a positive sentiment in markets toward Turkish lira assets, with investors observed to have confidence in the central bank's decisive stance. Experts predict that if the tight monetary policy continues, inflation will gradually decline. This is not investment advice.

📊 USDTRY — Piyasa Yorumu

■ neutral · 60%

The news headline reflects the Central Bank of the Republic of Turkey's (CBRT) confidence in the disinflation process, which can be seen as a supportive factor for the Turkish lira (TRY). However, technical indicators do not provide a clear directional signal, with the RSI at 54 in neutral territory and the MACD remaining just above its signal line. Although the price is trading above the 20- and 50-day moving averages, low volatility and limited upside over the past 24 hours suggest market caution. In the short term, the positive impact of the news may be balanced by uncertainty in the technical picture, and USDTRY is expected to trade within a narrow range.

RSI 14

54.0

MACD

0.01

24h Δ

0.04%

📊 EURTRY — Piyasa Yorumu

■ neutral · 60%

While the news supports the Turkish lira (TL) due to the Central Bank of the Republic of Turkey's (TCMB) positive signal on disinflation, the EURTRY pair remains technically neutral. The pair is trading at 52.83, with the RSI at 47, indicating a neutral stance. Although the MACD line is above the signal line, it remains below zero, suggesting weak momentum. The price is squeezed between the SMA20 (52.82) and SMA50 (52.96), showing no clear short-term direction. Therefore, the impact of the news may be limited, and the pair could continue to move within its current range.

RSI 14

47.0

MACD

-0.05

24h Δ

-0.17%

📊 GBPTRY — Piyasa Yorumu

■ neutral · 60%

Statements by the Central Bank of the Republic of Turkey (CBRT) Governor indicating that a slowdown in demand supports disinflation point to the continuation of tight monetary policy. This could increase confidence in the Turkish lira (TRY) and create downward pressure on the GBPTRY parity. However, technical indicators show weak momentum, with the RSI at 44 and the MACD remaining below its signal line. The price is trading below the 20- and 50-day moving averages, suggesting limited upside potential in the short term. Despite potential selling pressure from the news, the current technical structure is insufficient to determine a clear direction.

RSI 14

44.0

MACD

-0.06

24h Δ

-0.11%

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