Bloomberg News

Basci Says Inflation Slowdown in September Will Be Temporary

September 30, 2011

Sept. 30 (Bloomberg) -- Turkey’s inflation rate may fall in September, central bank govenor Erdem Basci said.

The decline will be temporary and the rate will rise again toward the end of the year, he told businessmen in Edirne, western Turkey, in televised remarks.

There’s a high chance Turkey will meet its goal of 5 percent inflation in 2012, Basci said.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net


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