Factors Affecting Inflation Cause An Optimistic Outlook, Cbt

ANKARA (AA) - Factors affecting the inflation cause an optimistic outlook in the short term, but a deliberate outlook in the medium term, the Central Bank of Turkey (CBT) said on Thursday.
According to a statement of CBT, developments in domestic demand, effects of rise in raw material prices, price developments in services sector and the course of international liquidity conditions would be more important in coming days.
In its statement, the CBT pointed out that the annual inflation rate would start to drop in coming months, and forecast that the year-end inflation target would be achieved.

2005-06-09