Bloomberg News

Basci Says Any Deterioration in Inflation Outlook Not Tolerable

September 15, 2011

Sept. 14 (Bloomberg) -- Turkish central bank governor Erdem Basci said any deterioration in the inflation outlook won’t be tolerated.

Basci spoke at a conference in Istanbul yesterday and the speech, focused on commodity prices, was published on the central bank’s website today.

The governor was commenting on the second-round effects on inflation of commodity price increases, saying “deterioration in the inflation outlook will not be tolerated.”

Global commodity prices are expected to stay volatile and the medium-term outlook is hard to predict, he said.

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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