Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in Skopje – 28/04/2014, (2014-26)
No: 2014-26
Release Date: 28 April 2014
CENTRAL BANK OF THE REPUBLIC OF TURKEY PRESS RELEASE
Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in Skopje.
Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in the 3rd Research Conference held by the National Bank of the Republic of Macedonia on Monday, 28 April 2014 at 10:10 a.m. local time in Turkey.
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. Meanwhile, inflation is expected to peak in May, partly reflecting the base effects.
- 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. For Governor Başçı’s speeches and presentations, please see: Announcements/Remarks by Governor
Contact: For further information, please contact Press Secretary Yücel Yazar Tel No: 312 507 5656