Mustafa Bayram

- Expert Profile and Services Overview

As a former footballer, I have always been ambitious. I think that unfortunately I have not been able to satisfy my ambitions with football, which has had a double effect on my ambitions in the business world. My business life can be summarized in sustainable, honest, visionair and enjoyable business. 

After my football career, I entered the business world where I have been active as a subcontractor in the oil & gas industry for 14 years. With a lot of passion, my company has delivered solid work to the oil & gas industry that I can look back on with pride.

It was announced that the main aim of the Turkish central bank is price stability.

'We started the process of monetary tightening to permanently reduce inflation. We will gradually strengthen monetary tightening, when and to the extent necessary, until there is a significant improvement in the inflation outlook.

We closely follow indicators regarding inflation and its main trend. We will continue to use all our tools determinedly in line with the main goal of price stability.

In this context, in addition to the interest rate increase, we have taken and will continue to make selective credit and quantitative tightening decisions that will support the monetary tightening process.

We are in a transition period before the disinflation and stability periods we foresee. During the transition process, markets are balanced in their internal dynamics.

As a result of the correction in the exchange rate and measures for fiscal discipline, inflation will show a temporary increase in the short term.

On the other hand, in this process, we are carefully creating the groundwork that will enable disinflation to begin in a sustainable manner in 2024.

We will begin to feel some of the cumulative positive effects of our interest rate increase decisions, quantitative and selective credit tightening decisions at the end of 2023, and especially in the second quarter of 2024 on the main trend of inflation