September 25, 2019 / 8:52 AM / 22 days ago

Turkey central bank chief says has 'front loaded' policy steps

ANKARA, Sept 25 (Reuters) - The head of Turkey’s central bank on Wednesday described recent policy steps as “front loaded,” after the bank slashed its key interest rate by 750 basis points in less than two months.

Governor Murat Uysal, addressing an industry forum in Ankara, said the central bank must maintain its “cautious” stance even while he predicted a continued drop in inflation and a moderate recovery for Turkey’s economy.

Reporting by Nevzat Devranoglu; Writing by Jonathan Spicer; Editing by Daren Butler

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