Central Bank governor says rate cut remains option
by
Aug 09, 2011 - 12:00 am GMT+3
by Aug 09, 2011 12:00 am
Turkish central bank Governor Erdem Başçı said on Monday that reducing interest rates, already at record lows after a cut last week, remained an option, but rates could go up or down depending on conditions.
Başçı also said that the year-end inflation rate could be closer to a targeted 5.5 percent, depending on commodity prices. The governor said adjustment to reserve requirement ratios on lira deposits will depend on the global environment. He said bank is ready to supply forex or lira liquidity if needed.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.