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Turkish cenbank says policy to remain tight until improvement in inflation
May 22, 2014 / 11:08 AM / in 3 years

Turkish cenbank says policy to remain tight until improvement in inflation

ISTANBUL, May 22 (Reuters) - Turkey’s central bank said on Thursday it would maintain a tight monetary policy stance until there was a significant improvement in the outlook for inflation.

It said loan growth was running at reasonable levels due to tight policy and macro-prudential 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/Nick Tattersall)

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