The Central Bank announced that the disinflation process will strengthen with real appreciation of the Turkish Lira and improvement in inflation expectations. The summary of the Central Bank’s Monetary Policy Committee (MPC) meeting was published. In the statement from the CBRT, it was noted that the determined stance in monetary policy strengthened the disinflation process through balancing domestic demand, real appreciation of the Turkish Lira, and improvement in inflation expectations. The statement from the CBRT used the following expressions: “Increased coordination in 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 in a way that provides the tightness required for the expected 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 a significant and permanent deterioration in inflation, monetary policy tools will be effectively used. Given recent developments in credit growth, additional steps have been taken to maintain macrofinancial stability and support a tight monetary stance. If unexpected developments occur 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 continue to be effectively used. While inflation expectations and pricing behaviors show signs of improvement, they continue to pose a risk for the disinflation process.