Central bank says macro-pru tools ‘crucial’ in Turkey
Turkish central bank maintained the inflation target at 5%
The Central Bank of Turkey believes it is "crucial to implement macro-prudential policies" in the coming year, as it looks to prevent the "spillover from global uncertainty to inflation".
In the monetary and exchange rate policy report for 2015, presented today in Ankara, the central bank says these policies should seek to "contain macro-financial risks and support prudent borrowing", since the "global economic slowdown might postpone the normalisation of monetary policies".
A prolonged period
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