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WASHINGTON D.C./ANKARA - ''You should not be surprised to see a central bank which is more active in matters of foreign exchange and interest rates from now on. Rapidly changing global conditions require this,'' said Turkish Central Bank Governor Durmus Yilmaz.
Speaking to the A.A correspondent, Yilmaz noted that the decisions that were made by the bank yesterday aimed to decrease impact of fluctuations in international markets on the Turkish economy, stating that the decisions would also decrease volatility.
''No one should expect the bank to make any commitment on the currency level,'' Yilmaz noted.
Stating that necessary measures were taken to maintain price stability, he said that they would also keep monitoring the following developments.
''Domestic demand will shrink and growth will slow down to some extent in the second half of 2006. But there will be a gradual activity in 2007,'' he noted.
Yilmaz underlined that current deficit would decrease as of July 2006, stating that inflation would remain at single-digit figure at the end of this year.