'Risk management would protect Turkey': Central Bank

The governor of the Turkish Central Bank said on Friday that rapid realization of structural reforms and an effective risk management would protect Turkey from the negative impacts of global economic fluctuations in the future.

'Risk management would protect Turkey': Central Bank
The governor of the Turkish Central Bank said on Friday that rapid realization of structural reforms and an effective risk management would protect Turkey from the negative impacts of global economic fluctuations in the future.

In the introduction part of the 6th volume of Central Bank's "Financial Stability Report", Governor Durmus Yilmaz said the threats in the global economic conjuncture continued, however, it was a pleasing fact that the effects of the fluctuations on Turkey were limited.

Yilmaz said the strong cooperation between Turkey's financial authorities, the presence of cautious arrangements, the high risk awareness of the Turkish banking sector as well as the decisive implementation of monetary and financial policies helped the country stay away from such effects.

"However, in the present atmosphere of uncertainty, it is likely to reach the inflation target later than the envisaged period, and the risks stemming from the current account deficit are still of great importance," Yilmaz also said.

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Güncelleme Tarihi: 30 Mayıs 2008, 15:17
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