Turkey’s Yilmaz explains motivation behind policy strategy


Durmuş Yilmaz, the former governor of the Central Bank of Turkey, on April 12 discussed the central bank's use of monetary and macroprudential policies to address growing capital inflows.

At the 79th Ordinary Meeting of the General Assembly in Ankara, Turkey, Yilmaz said: "The quantitative easing adopted in the last quarter of 2010 by some major central banks and the consequent boost in capital flows to emerging markets have necessitated significant changes to our monetary policy strategy. Short

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