Arab Today, arab today turkish central bank forecasts december inflation at 7
Last Updated : GMT 17:55:05
Arab Today, arab today
Arab Today, arab today

Turkish Central Bank forecasts December inflation at 7%

Arab Today, arab today

Arab Today, arab today Turkish Central Bank forecasts December inflation at 7%

Ankara - Anadolu

Turkish Central Bank chief Erdem Basci said Tuesday that the inflation in December was estimated to be at 7%, adding TCB has strong and effective tools to deal with inflation and exchange rate volatility. Presenting the bank’s 2014 Monetary and Exchange Rate Policy in Ankara, Basci said the bank would not allow sharp moves and strong volatility in the market. Basci said he expected a stronger year in terms of stability and predictability, but did not avoid speaking of increasing global concerns and volatilities. Big uncertainties will mark the global economy in the new year, Basci said, noting that Turkey's monetary policy will maintain flexibility while increasing predictability. “We have strong predictability in Turkish Lira liquidity and we would like to increase our predictability in US dollar liquidity as well ” Basci said. "This will be a year in which policy flexibility will constitute the bank’s objective and the policy predictability will increase rapidly”, Basci added. The Central Bank chief said the bank would also track financial stability in 2014. "We will not only focus on price stability but also go on with ensuring financial stability." Noting the inflation rate may exceed the expected percentage in December, Basci reiterated that the bank's inflation projection for the next three years would remain at 5%. Basci also said the bank would sell foreign exchange worth $ 450 million every day to stabilize the currency until the end of the year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkish central bank forecasts december inflation at 7 Arab Today, arab today turkish central bank forecasts december inflation at 7

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkish central bank forecasts december inflation at 7 Arab Today, arab today turkish central bank forecasts december inflation at 7

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday