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Tuesday, November 29, 2011

Central Bank Says Turkish Credit Slows to ‘Reasonable’ Level - Businessweek

Central Bank Says Turkish Credit Slows to ‘Reasonable’ Level
November 29, 2011, 7:00 AM EST

By Steve Bryant

(Updates with comment from bank in fourth paragraph.)

Nov. 29 (Bloomberg) -- Turkey’s central bank said credit growth slowed in the third quarter to “reasonable” levels and must stay there if the country is to see a lasting improvement in the current-account deficit.

More:Central Bank Says Turkish Credit Slows to ‘Reasonable’ Level - Businessweek