Turkey Ctrl Bk: Lower Oil, Commodity Prices To Slow CPI

Turkey Ctrl Bk: Lower Oil, Commodity Prices To Slow CPI
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Δευ, 1 Δεκεμβρίου 2008 - 18:42
The Turkish Central Bank said Monday that sharp falls in oil and commodity prices will cause inflation to slow in the upcoming period, the Ihlas News Agency, or IHA, reported.
The Turkish Central Bank said Monday that sharp falls in oil and commodity prices will cause inflation to slow in the upcoming period, the Ihlas News Agency, or IHA, reported.

In the minutes of the bank's latest monetary policy meeting, in which it surprisingly cut interest rates, the bank said it needs to be cautious in its monetary policy decisions in order to maintain a falling inflation rate.

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