Fatih Karahan, governor of the Central Bank of the Republic of Türkiye (CBRT), said Wednesday that they will maintain a tight monetary policy stance until a permanent fall in inflation and price stability is achieved.

Turkish inflation was higher than expected at 47.09% annually and 2.24% on a monthly basis in November, official data showed on Tuesday, potentially reducing the prospect of an interest rate cut later this month, News.az reports citing Investing.