Turkish central bank says to keep policy tight until inflation outlook improves

28 Aug, 2014

ANKARA: Turkey's central bank said on Thursday it would maintain a tight monetary policy until there is a significant improvement in the inflation outlook, adding it will closely monitor inflation expectations, pricing behaviour and other factors.

In a presentation to economists in Ankara on Thursday, a copy of which was released on its website, the bank said its tight monetary policy stance and macroprudential measures were keeping loan growth at reasonable levels.

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