The Central Bank announced that the disinflation process will strengthen with real appreciation in the Turkish Lira and improvements in inflation expectations. The summary of the Central Bank’s Monetary Policy Committee (MPC) meeting was published. In the statement by the CBRT, it was stated that the steadfast stance in monetary policy has strengthened the disinflation process through the balancing of domestic demand, real appreciation in the Turkish Lira, and improvements in inflation expectations. The following statements were used in the announcement by the CBRT: “Increased coordination of fiscal policy will also contribute significantly to this process. A tight monetary policy stance will be maintained until a permanent decrease in inflation and price stability is achieved. The policy rate will be determined to provide the necessary tightness for the envisaged disinflation process, taking into account inflation developments, the main trend, and expectations. The Committee will determine the steps to be taken regarding the policy rate with a cautious and meeting-based approach focused on the inflation outlook. In case of an expected significant and permanent deterioration in inflation, monetary policy tools will be used effectively. In consideration of recent developments in credit growth, additional steps have been taken to maintain macrofinancial stability and support a tight monetary stance. In case of unexpected developments in credit and deposit markets, the monetary transmission mechanism will be supported with additional macroprudential measures. Liquidity conditions will continue to be closely monitored and sterilization tools will be used effectively. Although inflation expectations and pricing behaviors show signs of improvement, they continue to pose a risk factor for the disinflation process.