Fatih Karahan, the Governor of the Central Bank, stated that they will do whatever it takes to reach the end-of-year inflation target of 24%. During his visit to Anadolu Agency’s (AA) New York Office, Turkey’s Central Bank Governor Fatih Karahan responded to questions on the agenda. Karahan remarked that the recent decline in inflation is attributed not only to base effects but also to the impact of tight monetary policy on the overall downward trend. He expressed his belief that the improvement in the underlying trend will continue to contribute to the decrease in inflation for the remainder of the year, saying, “We will do whatever it takes to reach our end-of-year inflation target of 24%.” Emphasizing their commitment to maintaining a tight monetary policy stance, Karahan highlighted the crucial importance of demand remaining at disinflationary levels for the continuation of the decline in inflation. Karahan pointed out that the transition from individual foreign currency protected deposit accounts to the Turkish Lira is higher than that of transitioning to foreign currency. Indicating that ensuring the required tightness for the disinflation path will be a priority in determining the policy rate in the upcoming period, TCMB President Karahan stated, “We will maintain our tight monetary policy stance until a lasting decrease in inflation and price stability are achieved.”