Turkish CB governor predicts growth rate in 2013 to be minimum 4 pc

Basci has stated that they predict the growth rate in 2013 to be minimum 4 percent.

Turkish CB governor predicts growth rate in 2013 to be minimum 4 pc

World Bulletin / News Desk

Turkish Central Bank Governer Erdem Basci has stated on Tuesday that they predict the growth rate in 2013 to be minimum 4 percent.

Basci referred to the expected minimum growth in 2013 and said, "We are expecting a better growth in 2013. More or less, most of the institutions agreed that there will be a 4 percent of growth rate in 2013. The technical reason for that is, in 2012 economy only grew with the contributions of exports. However, in 2013 we will see the balanced contributions of exports and domestic demand."

Basci highlighted the predictions of growth rate in 2013 and said, "There will be a significant increase in the fourth quarter. It will be visible in November. Our works are going well. Slowdown has ended and the growth regains pace now."

Furthermore, upon a question of a reporter "Where are you planning to limit the increase rate in the loans of Central Bank-", Basci replied, "Loans rose a little bit more than what we predicted. It was a prediction in the end. If necessary, we will make slight adjustments with political tools and make it closer to those predictions. The subject limitation is not matter, it is beside the point."

Last Mod: 25 Aralık 2012, 16:51
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