Turkish Treasury to offer bonds to individual investors: Albayrak
ISTANBUL - Anadolu Agency
He did not provide other details on the planned bond issue.
“People have turned toward deposits. So we need to familiarize capital markets with investments,” Albayrak told an investor relations summit in Istanbul.
“We need to activate balance sheets,” he added.
“As cost pressures recede we will see improvements in consumer price inflation and producer prices in the period ahead. Consumer price inflation will decline to 15.9 percent in 2019 and further ease to 6 percent in 2021 as predicted in the New Economic Program due to tight monetary policies coupled with structural reforms to be implemented. We still believe these are the realistic targets,” he said.
He also noted that the fact that the Turkish economy is still posting positive growth rates despite a number of unfavorable domestic and international developments testify that the confidence-building measures that were taken in a timely manner are effective and the economy is resilient.
Turkey’s current account balance posted a surplus in October for the third month in a row, the country’s Central Bank announced on Dec. 10.
In October, the country’s current account surplus amounted to $2.77 billion, improving from a deficit of $3.83 billion in the same month last year.