CB signals more rate cuts, keeps inflation forecast

CB signals more rate cuts, keeps inflation forecast
July 24, 2014, Thursday/ 17:05:19/ REUTERS

The Central Bank of Turkey left its inflation forecasts unchanged for this year and painted a rosy picture of the outlook for growth, the strength of the lira and the current account deficit (CAD) in comments on Thursday that have been interpreted to be a signal of further rate cuts.Turkish Central Bank Governor Erdem Başçı said the bank left its mid-point forecast for 2014's year-end inflation at 7.6 percent in its latest quarterly report, which i

Click For More News