Turkey: Central bank to use all tools for financial stability

By Tuba Sahin

ANKARA (AA) - Turkish Central Bank said on Monday that it will use all monetary policy and liquidity management instruments to maintain price stability and support financial stability, if need be.

Turkey's macroeconomic indicators show that rebalancing process continues thanks to coordinated policy steps, according to a statement from the bank.

"The Central Bank is decisive about its policy towards reinforcing its reserves," the bank said.

Recent fluctuations in gross reserves are driven by ordinary transactions and periodic factors, there are no unforeseen incidences, the statement read.