tcmb speech, 2006-04-28
The ongoing structural reform process along with the implementation of tight monetary and fiscal policies have enabled the strengthening of economic fundamentals, characterized as a decline in the risk premium, reduction in real interest rates and appreciation of the New Turkish lira (YTL) against foreign currencies, which have been the main determinants of rapid growth in the total domestic demand in 2005.
Sentiment: neutral
Topic: mp_economic_activity