Turkish governor explains September rate cut
Durmus Yilmaz, the governor of the Central Bank of Turkey, on Friday explained why the central bank decided to make a surprise rate cut in September.
The governor said the central bank cut rates by 25 basis points because of:
favourable developments in inflation;
moderate domestic demand conditions; and
changes in international credit conditions.
Yilmaz also spoke about the central bank's monetary policy stance and its communication policy.
To view the presentation that accompanied the speech
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