Open Market Committee
Turkish Central Bank reduces number of monetary policy meetings
The Turkish Central Bank has reduced its number of Monetary Policy Committee (MPC) meetings from 12 to eight times a year, the bank said Jan. 28.
The move is intended to give the bank more time to formulate effective monetary policy responses.
Last November, Deputy Prime Minister Mehmet Şimşek announced that the bank would reduce the number of meetings.
Turkish gov't to hold fewer Central Bank meetings, from monthly basis to 8 times a year
The Turkish government is set to revise the Central Bank's schedule for its rate policy meetings from a monthly basis to at least eight times a year, in a new draft law submitted to the parliament on Nov. 24, as reported by Reuters.