Bloomberg News

Babacan Says Turkey Not Afraid of Tightening If Needed

January 26, 2012

Jan. 26 (Bloomberg) -- Turkish Deputy Prime Minister Ali Babacan said Turkey might need fresh tightening of monetary policy and the government isn’t “afraid” of it.

Turkey’s economy will be “walking” not “running” this year, Babacan said in an interview with CNBC-e news channel today in Davos, where he is attending the World Economic Forum.

To contact the reporter on this story: Ali Berat Meric in Ankara at

To contact the editor responsible for this story: Aydan Eksin at

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