A key force behind the unique Turkish policy of slowing the economy with lower interest rates...

|By:, SA News Editor

A key force behind the unique Turkish policy of slowing the economy with lower interest rates and tighter reserve requirements, Erdem Basci has been appointed central bank governor. Basci faces tame (for Turkey) inflation, a speedy economy, and a current account deficit nearing 7% of GDP. YTD: TUR +4.2%, TKF +5.5%.