TCMB - Governor Erdem Başçı made a presentation on “Economic Outlook and Monetary Policy” in Washington – 12/04/2014, (2014-21)
Central bank: tcmb | Type: decision | Date: 2014-04-12

Governor Erdem Başçı made a presentation on “Economic Outlook and Monetary Policy” in Washington – 12/04/2014, (2014-21)
No: 2014-21
12 April 2014
Governor Erdem Başçı made a presentation on “Economic Outlook and Monetary Policy” in Washington.
Governor Başçı emphasized the following points:
Retail loan growth continues to slow down in response to the tight monetary policy stance, recent macroprudential measures, and weak capital flows.
The impact of monetary tightening on inflation will be observed with some lag. Meanwhile, inflation is expected to peak in May, partly reflecting the base effects.
Exports will support growth while private final domestic demand will lose momentum.
The current account deficit will improve substantially in 2014.
Governor Başçı’s presentation is available
. Governor Başçı’s speeches and presentations:
Announcements/Remarks by Governor
Governor Erdem Başçı made a presentation on “Economic Outlook and Monetary Policy” in Washington – 12/04/2014, (2014-21)