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CBRT Governor Says Access To Foreign Finance Has Eased Considerably

TURKEY
  • Headlines crossing from CBRT Governor Karahan via Bloomberg:
    • Access to foreign finance eased considerably
    • Lira share in total deposits reached 48%
    • Portfolio inflows surpassed $10b since April
    • Turkey maintaining tightness in financial conditions
    • Cenbank fx reserves surpassed $145b
    • Headline inflation to slow rest of the year
    • Main trend of m/m inflation seen at about 3%
    • Turkey to tighten policy if inflation outlook worsens

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