Governor Erdem Başçı made a presentation on “Economic Outlook and Monetary Policy” in Kayseri – 07/04/2014, (2014-20)
No: 2014-20
7 April 2014
THE CENTRAL BANK OF THE REPUBLIC OF TURKEY PRESS RELEASE
Governor Erdem Başçı made a presentation on “Economic Outlook and Monetary Policy” in Kayseri.
Erdem Başçı, Governor of the Central Bank of the Republic of Turkey, made a presentation on “Economic Outlook and Monetary Policy” in Kayseri Chamber of Industry Conference Hall on 7 April 2014 Monday at 10.00 hours.
Governor Başçı emphasized the following points:
- Retail loan growth continues to slow down in response to the tight monetary policy stance, recent macroprudential measures, and weak capital flows.
- The impact of monetary tightening on inflation will be observed with some lag, thereby the decline in inflation is expected to begin after June.
- Exports will support growth while private final domestic demand will lose momentum.
- The current account deficit will improve substantially in 2014.
Governor Başçı’s presentation is available here. Governor Başçı’s earlier speeches and presentations: Announcements/Remarks by Governor
Contact: For further information on the presentation please contact Press Secretary Yücel Yazar Tel No: 312 507 5656