Central Bank Deputy Chairman Erdem Başçı, in front of the growing current account deficit to reduce interest rates and banks' central bank reserve requirements for the indicator to increase the proposed provisions.
Next year, the current president of the Central Bank Durmus Yilmaz is expected to be replaced by Başçı, the ideal measures can be taken to cope with the growing current account deficit, short-term capital investments in order to prevent the rise in lira to lower interest rates and credit growth in the market to slow the increase in reserve requirements listed counterparts.
To prevent bubble WANT CREDIT
This decision of the Central Bank, 5.5 percent in the third quarter, the year I expected to exceed 8 percent by the end of the credit bubble growth will occur in front of the pass and has recently seen a large increase was interpreted as an attempt to cope with short-term capital flows.
JPMorgan Chase & Co. analyst Yarkin Cebeci, passed the note to customers, this seems like a risky strategy, and led to volatility in the markets could be a he said.
Cebeci, in addition to the Central Bank will make the Thursday meeting of interest in this direction it may take a decision, he noted.
On the other hand the Turkish lira against the dollar this morning's proceedings for a health loss of 0.6 percent, the lowest level seen since September 10 came.
Of the Central Bank's Monetary Policy Committee (MPC), to determine interest in the collection is scheduled on December 16.
Turkey at the end of September the 12-month current account deficit 32.5 milyarla, last year's rate is equivalent to three times more. On the other hand, for 2010, an estimated 4 percent of gross domestic product increased by an amount equivalent to fame.
Surprisingly DEVELOPMENT
Responsible for the developing countries of the British Royal Bank of Scotland analyst Timothy Ash, descriptions of Başçı commented as a surprising development.
Ash, a strong lira, the United States to developing countries at the effect of the second wave of monetary loosening the flow of money from the worry and better than expected inflation figures, the growth figures for the third quarter, lower than expected, exceeding Turkey to escape the attention of investors trying to take measures to reduce interest rates in countries stuck between he said.
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