Governor Erdem Başçı delivered a presentation to the Banks Association of Turkey - 29/09/2015, (2015-57)

No: 2015-57

29 September 2015

Governor Erdem Başçı delivered a presentation to the Banks Association of Turkey.

Erdem Başçı, Governor of the Central Bank of the Republic of Turkey, delivered a presentation at the meeting held by Banks Association of Turkey and Participation Banks Association of Turkey on Tuesday, September 29th, 2015.

Governor Başçı emphasized the following points:

• The improvement in the current account balance will become more pronounced with the August figure and is expected to continue throughout the year.
• The contribution of net exports to growth is expected to pick up in the second half with support from the rising demand of the European Union economies.
• The CBRT maintains a tight policy stance to address inflationary risks from the exchange rate pass-through and higher inflation expectations.
• Recently, the CBRT has taken a broad set of measures in the context of the “road map during the normalization of global monetary policies”.
• Overall, CBRT policies are tight for the inflation outlook, stabilizing for FX liquidity, and supportive for financial stability.

Governor Başçı’s presentation is available here (in Turkish). For Governor Başçı’s previous speeches and presentations, please click here.

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