Turkey's C.Bank expects inflation rates to decline in last quarter

In a written statement released on Friday, the Turkish Central Bank quoted Basci as saying "the Central Bank supported growth of the Turkish economy by preserving price stability".

Turkey's C.Bank expects inflation rates to decline in last quarter

World Bulletin / News Desk

Governor of the Turkish Central Bank, Erdem Basci, on Friday said they expected inflation rates in Turkey to decline as of the last quarter in 2012 as well as Turkey's growth figures to speed up.

In a written statement released on Friday, the Turkish Central Bank quoted Basci as saying "the Central Bank supported growth of the Turkish economy by preserving price stability".

"The decline in interest rates for overnight borrowing led to a decline in interest rates of commercial banks," Basci noted.

"Price stability will continue to be the priority of the Central Bank," Basci also said.

Güncelleme Tarihi: 12 Ekim 2012, 13:42
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