Turkey's CBank expects inflation to be between 4.5 and 7.3% at end of 20

Yilmaz said that inflation rate would be between 4.5 and 7.3 percent at the end of 2011.

Turkey's CBank expects inflation to be between 4.5 and 7.3% at end of 20

Governor Durmus Yilmaz of Turkey's Central Bank said on Tuesday that inflation rate would be between 4.5 and 7.3 percent at the end of 2011.

Yilmaz made public an inflation report in Ankara.

Yilmaz said that inflation was expected to be between 4.5 and 7.3 percent with a mid-point of 5.9 percent at end-2011 and between 3.3 and 6.9 percent with a mid-point of 5.1 percent by the end of 2012.

The world economy continued to recover gradually in the final quarter of 2010 while downside risks remained a major concern for advanced economies, he said.

Loose monetary policies adopted by advanced economies to eliminate the downside risks to economic activity not only boosted global liquidity but also stimulated the search for yield, which encouraged more capital flows into emerging economies.



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Last Mod: 25 Ocak 2011, 13:13
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