Turkey's Başçı says inflation will peak in May
Retail loan growth in Turkey continues to slow down in response to the central bank's tight monetary policy stance, recent macro-prudential measures and weak capital flows, Central Bank of the Republic of Turkey (CBRT) governor Erdem Başçı said today during a presentation at the National Bank of the Republic of Macedonia's 3rd annual research conference in Skopje.
The comments were Başçı's first since the decision by the CBRT last week to hold interest rates in the face of calls by the
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