Economic recovery overdue in Q3: Turkish Central Bank
Banks will keep a prudent stance on monetary policy, bank head says
By Gokhan Ergocun
ISTANBUL (AA) - Economic activity recovery is overdue in the third quarter of 2019, Turkey's Central Bank governor said Thursday.
During a presentation for the Banks Association of Turkey, Murat Uysal said banks will keep a prudent stance on monetary policy to achieve a decrease in inflation rates.
He stressed domestic demand and tightening of fiscal policy lowered inflation rates.
The Central Bank will continue to make all-out efforts for financial stability, he said.
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