Turkey cenbank governor sees weak domestic demand, slowing inflation
Turkey's central bank governor Fatih Karahan stated that indicators point to weak domestic demand and that the underlying trend of inflation has slowed since July, attributing the pronounced slowdown in domestic demand to tight monetary policy.
Turkey's central bank Governor Fatih Karahan said on Wednesday that indicators pointed to weak domestic demand, while the underlying inflation trend has slowed since July. Karahan said the tight monetary policy stance had made the slowdown in domestic demand more pronounced, and said recent inflation developments showed further easing.