ANKARA - "Nothing is possible without price stability. If price stability is settled, economic growth and employment will be assured," Central Bank President Durmus Yilmaz told reporters after a meeting he attended in Ankara Chamber of Industry (ASO) on Monday.
"We have witnessed that when economic structural reforms are made and price stability is secured, interest rates drop," he added.
When asked what will be the measures of CB regarding cutting down the demand, Yilmaz said that their aim is to ensure price stability.
"Measures we have taken regarding interest rates will influence positively total demand, as well as current account deficit" He noted.