• İstanbul 25 °C
  • Ankara 24 °C

Turkish CB expects positive current balance in 2nd half

Turkish CB expects positive current balance in 2nd half
In 2nd half of year, amid normalization, demand-side disinflationary effects will grow more evident, says Central Bank

By Aysu Bicer

ANKARA (AA) - Turkey's Central Bank on Thursday projected that exports will rebound stronger than previously envisaged and a positive outlook in the current account balance will come in the second half of the year.

The recovery in exports will come as virus restrictions are relaxed, and low commodity prices will support the current account balance, the bank said after a meeting with both Turkish and foreign investors.

In a presentation on the macroeconomic outlook and monetary policy in Turkey, the bank said in the second half of the year, amid normalization, demand-side disinflationary effects will grow more evident.

It also said deleveraging in the corporate sector continues.

The bank’s “reserves cover total short-term FX financial debt repayments," it said, adding that it maintains adequate FX liquidity buffers to cover short-term external debt.

On inflation, the bank said it has been showing a downward trend since the monetary tightening, but picked up slightly in June.

Inflation is expected to decline over the medium-term, the presentation said.

It indicated medium-term inflation uncertainty has been reduced and inflation expectations continue to improve.

source: News Feed
This news is a total 14 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim