Turkish banking sector to see double-digit rise: Banker
The sector supports the economy with its strong corporate infrastructure, high capital adequacy and management capability in uncertainty periods, Kaan Gür told Anadolu Agency.
He stressed: "We expect a gradual transition to growth and positive progress in the second half of this year."
Gür added that the inflation rate was dropping rapidly and could reach single digits in September-October.
The annual inflation rate, which saw a 25% rise last October, was 15.72% in June.
He said: "As of July, we expect the Central Bank to start dropping interest rates by 400 basis points gradually."
The Central Bank of Turkey's (CBRT) policy rate -- one-week repo auction rate -- is 24% currently.
The bank's Monetary Policy Committee will meet on July 25 -- with the newly appointed governor of the Central Bank Murat Uysal in the chair -- to determine interest rates.