ChainCatcher news, Turkey's central bank deputy governor Akçay stated that the risks of prematurely easing monetary policy outweigh those of delaying it, which could potentially reactivate inflation. Currently, there are no considerations for interest rate cuts. Monetary easing also depends on the pace of improvement in inflation expectations and moderate changes in domestic demand.

ChainCatcher news, the Central Bank of the Republic of Turkey (CBRT) has conducted its first test of the Turkish digital currency. As part of the initial testing phase, the CBRT successfully executed the first payment transaction on its Central Bank Digital Currency (CBDC) network.It is reported that in the first quarter of 2023, the CBRT will continue small-scale, closed-loop application testing with relevant parties. The results of the tests will be published in a comprehensive evaluation report. In 2023, the central bank will conduct further pilot tests with broad participation, including banks and fintech companies. (source link)

ChainCatcher news, according to CoinDesk, the Central Bank of Turkey plans to launch a Central Bank Digital Currency (CBDC) in 2023 and will collaborate with other banks for its research and testing.According to the official report, the Central Bank of Turkey plans to cooperate with the local Ministry of Finance and the Scientific and Technological Research Council to integrate the digital Turkish lira system with digital identity and the payment system FAST operated by the Central Bank of Turkey. (CoinDesk)