Arab Today, arab today turkish minister criticises central banks rates policy
Last Updated : GMT 20:20:46
Arab Today, arab today
Arab Today, arab today

Turkish minister criticises central bank's rates policy

Arab Today, arab today

Arab Today, arab today Turkish minister criticises central bank's rates policy

Economy Minister Zeybekci
Ankara - Anadolu

Turkish Economy Minister Nihat Zeybekci on Friday took issue strongly with the remarks of the ex-governor of the Central Bank on interest rates.
The minister replied sharply to the ex-governor of the Central Bank of Turkey, Durmus Yilmaz, who had told BBC Turkey on Tuesday that high interest rates are not the only reason for Turkey's slow economic growth, which is the point of view of government officials.
“To say that, if low rates were the main reason behind the economic growth, Japan and other countries with low rates would see growth increase rapidly, is to approach an equation that has three to four unknowns with only one known,” Zeybekci said.
Japan, U.S., EU and Turkey, each has a unique dynamic, Zeybekci said, so that each of them should be evaluated in its own context.
"Workforce participation is now 51 percent in our country. When we consider population growth rate and rising workforce participation together, it is clear that Turkey should not see growth rates below 5 percent as a success,” Zeybekci said.
Pointing out that the European  Central Bank has held interest rates at almost 0 levels for a long time,Zeybekci said that Europeans aim to increase their competiveness and exports with the help of low rates and cheap local currency.
Interest rates are controversial in Turkey as government officials have repeatedly criticized the central bank's tight money policies as limiting economic growth.
However the central bank has maintained relatively high interest rates with the object of controlling inflation and stemming the slide in value of Turkish lira against other major currencies.

 

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 minister criticises central banks rates policy Arab Today, arab today turkish minister criticises central banks rates policy

 



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 minister criticises central banks rates policy Arab Today, arab today turkish minister criticises central banks rates policy

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
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