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TURKEY-CENBANK/AGBAL (NEWSMAKER, PIX):NEWSMAKER-Back-to-basics Agbal hopes this time is different at Turkey's central bank

TURKEY-CENBANK/AGBAL (REFILE, UPDATE 1, EXCLUSIVE, PIX):REFILE-EXCLUSIVE-Turkey central bank chief Agbal says no rate cuts for long time this year

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/exclusive-turkey-central-bank/"></div>ISTANBUL (Reuters) – New governor Naci Agbal does not expect Turkey’s central bank to begin considering cutting interest rates from 17% until much later this year given upward pressure on already high inflation, and rate hikes are still a possibility, he told Reuters. In his first interview since taking the reins three months ago, Agbal […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanc...

TURKEY-CENBANK/AGBAL (REFILE, UPDATE 1, EXCLUSIVE, PIX):REFILE-EXCLUSIVE-Turkey central bank chief Agbal says no rate cuts for long time this year

By Reuters Staff 1 Min Read FILE PHOTO: People shop at a local market in Fatih district in Istanbul, Turkey January 13, 2021.REUTERS/Murad Sezer ISTANBUL (Reuters) - Turkey’s economy likely grew at a 1.2% rate last year, well above a previous estimate of a 5% contraction thanks in part to surprisingly strong growth in the third quarter of 2020, the International Monetary Fund said on Tuesday. The coronavirus pandemic led to a near 10% GDP contraction in the second quarter of last year before a state-driven credit boom led to 6.7% growth in the third quarter, setting the stage for Turkey’s...