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3 years ago
Turkish cenbank says policy to remain tight until improvement in inflation
April 24, 2014 / 11:17 AM / 3 years ago

Turkish cenbank says policy to remain tight until improvement in inflation

ISTANBUL, April 24 (Reuters) - Turkey's central bank said on Thursday it would maintain its tight monetary policy stance until there was a significant improvement in the outlook for inflation.

It said loan growth was slowing gradually due to tight policy and macroprudential measures and said it expected a significant improvement in the country's current account deficit, its main economic weakness, this year. (Reporting by Seda Sezer; Editing by Daren Butler)

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