Presentation by the Governor of the Central Bank of the Republic of Turkey on Developments in the Turkish Economy...

The presentation made by Central Bank Governor Çetinkaya at the Council of Ministers was published on the bank's official website.

Central Bank of the Republic of Turkey (TCMB) Governor Murat Çetinkaya stated: "It is estimated that economic activity, which slowed in the third quarter of the year, will gradually recover starting from the final quarter with the support of the measures and incentives taken."

Noting that economic activity, which slowed in the third quarter of the year, is estimated to gradually recover starting from the final quarter with the support of the measures and incentives taken, Çetinkaya stated that the rising volatility in global financial markets in the recent period has led to fluctuations in portfolio movements and asset prices.

Çetinkaya indicated that monetary policy decisions in the period ahead will depend on the inflation outlook. The report drew attention to the decline in tourism revenues and tourist numbers.

  Click to download the Central Bank Governor's Presentation of 12 December 2016.