Page 40 - TURKRptOct19
P. 40

                global central banks.
“Going forward, the improvement trend in the current account deficit is about to end in the second half of the year given the likely recovery in the credit impulse with the central bank's macro-prudential move incentivising lending by linking required reserve ratios and remunerations to credit growth as well as the ongoing rate cut cycle.”
   5.2.3 Gross intl reserves
                      40 TURKEY Country Report October 2019 www.intellinews.com
 






























































































   38   39   40   41   42