Bloomberg News

Turkey Has Capital Flow Problem, Bank Governor Basci Says

October 26, 2011

Oct. 26 (Bloomberg) -- Turkey has a problem with short-term capital flows and as the flows slow the central bank is required to reverse measures, governer Erdem Basci said at a news conference in Ankara today.

The current environment may require “immediate decisions,” Basci told reporters.

To contact the reporter on this story: Steve Bryant in Ankara at sbryant5@bloomberg.net

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


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