Banks Have High Demand for Gold! The Central Bank Governor Announced.
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Central Bank Governor Fatih Karahan assessed that the impact of energy-related shocks on inflation could become permanent and that the process could spread to wages and exchange rates, making management more difficult.
Economy - Turkish Central Bank (TCMB) Governor Fatih Karahan stated in his speech at the Budapest Finance Summit that central banks' demand for gold remains high.
Turkish Central Bank (TCMB) Governor Fatih Karahan made assessments regarding the effects of energy-related shocks on inflation at the Budapest Finance Summit. Drawing attention to supply problems in the global economy, Karahan also delivered messages regarding reserve management and the demand for the dollar and gold.
Central Bank Governor Fatih Karahan stated that the global economy is entering a period where shocks are lasting longer, while central bank demand for gold remains strong. Noting that the job of central banks is becoming increasingly difficult in a fragmented world, Karahan said that in reserve management, the element of "access" should be added alongside security, liquidity, and return.
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