The measures taken against market volatility were explained to the business world by Central Bank President Fatih Karahan. Karahan stated that the disinflation process will continue. Central Bank President Fatih Karahan stated that the decline in inflation is ongoing. Karahan attended a conference organized by the steel sector in Istanbul. In his presentation there, he evaluated current economic developments. Karahan pointed out that cost increases are slowing down and expressed that inflation expectations are declining. Karahan evaluated, “The decline in inflation continues. After goods inflation, the decline in service inflation is also becoming more pronounced. Domestic demand remains moderate with some resistance.” Recently, Karahan noted an increase in volatility in financial markets. During the presentation, it was shared that the dollar exchange rate, which was 36 lira 68 kuruş on March 18, increased to 38 lira. It was mentioned that the credit risk premium increased from 256 basis points to 363 basis points on the same date. It was also reminded that a series of measures were taken in response to these developments. Mentioning developments in exports, the Central Bank President stated, “Production indicators point to a recovery in economic activity. Despite weak external demand, market share in exports is increasing.” The Central Bank President reported that the current account deficit is historically at low levels.