Turkey deputy governor evaluates success of policy moves


Turalay Kenç, a deputy governor at the Central Bank of Turkey, on Wednesday explained the policy decisions taken recently to limit the effects of the capital inflows the country is experiencing.

Speaking at the National Asset-Liability Management event in Istanbul, Turkey, he described how the central bank had reacted to credit growth in Turkey, which was fed by "high and volatile" foreign capital inflows. "The short-term nature of the flows this time is a problem," said Kenç.

Contrary to past

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