turkey’s central bank expects economic growth
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

In third quarter

Turkey’s Central Bank expects economic growth

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Turkey’s Central Bank expects economic growth

Turkey’s Central Bank
Ankara - Al Maghrib Today

Turkey’s central bank expects economic growth to remain robust in the third quarter following a 5.1 percent growth rate in the second quarter — Monetary Policy Committee decided to keep short-term interest rates steady.

The one-week repo rate, also known as the bank’s policy rate, stayed at eight percent while the marginal funding and overnight borrowing rates also held at 9.25 and 7.25 percent respectively. The bank also kept late liquidity window interest rates steady – the borrowing rate at zero percent, and the lending rate at 12.25 percent.

The committee noted that July’s industrial production data and the Purchasing Managers’ Index (PMI) data for August signal stronger growth in the third quarter compared to the previous one.

Turkey’s industrial production increased by 14.5 percent in July 2017 compared to the same month last year, according to the Turkish Statistical Institute (TurkStat). Turkey’s PMI also stood at 55.3 points in August, hitting its highest level since March 2011.

“Not only the manufacturing industry but also services, retail trade, and construction saw strengthening activity recently. Accordingly, economic recovery appears to be more widespread across sectors,” it remarked.

The committee said that a similar outlook was also valid for demand indicators and domestic demand is likely to contribute more to growth in the next quarter. “In short, recently released data indicate that the recovery in economic activity has gained strength,” it underlined.

International credit rating agencies, Fitch and Moody’s in the lead, expected the economic growth to continue to increase. Fitch experts said that Turkey’s growth would reach 4.7 percent by end of the year based on the rise in rates to 5 percent and 5.1 percent in the first and second quarters, respectively.

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

turkey’s central bank expects economic growth turkey’s central bank expects economic growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

turkey’s central bank expects economic growth turkey’s central bank expects economic growth

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 07:43 2017 Monday ,16 October

'Final phase' of battle for Raqa

GMT 07:58 2011 Monday ,17 October

Chinese stocks close 0.37 pct higher Monday

GMT 13:38 2011 Friday ,11 November

Tips to great skin and hair

GMT 16:57 2017 Tuesday ,24 January

Bahrain condemns attack on market

GMT 19:36 2017 Thursday ,13 April

Despite warning, Assad regime uses barrel bombs

GMT 18:42 2017 Tuesday ,11 April

Muscat Securities Market Loses 29 Points

GMT 11:44 2014 Saturday ,01 November

Arab League council to hold emergency meeting Sunday

GMT 09:21 2011 Monday ,17 October

Tulisa showed on X Factor

GMT 18:08 2017 Tuesday ,17 January

Jordanian Royal Decree Approves Cabinet Reshuffle

GMT 09:07 2011 Sunday ,12 June

Israel to allow limited goods into Gaza

GMT 12:16 2011 Saturday ,18 June

Marilyn Monroe dress stars in Hollywood sale

GMT 13:42 2011 Sunday ,30 October

Watermelon helps reduce atherosclerosis

GMT 21:45 2017 Thursday ,27 April

US dollar exchange rate stable at major banks

GMT 13:20 2018 Monday ,01 January

Lewis Hamilton Instagram account emptied

GMT 22:09 2017 Monday ,24 July

'Dunkirk' captures N. American box office

GMT 02:55 2017 Sunday ,30 April

EU tightens Brexit demands on residence, banks

GMT 10:46 2015 Sunday ,11 January

DWTC to welcome over 130,000 visitors

GMT 06:35 2017 Friday ,15 December

Mennat-Allah underlines importance of landscapes

GMT 15:10 2011 Monday ,20 June

American woman locks horns with \'employer\'
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday