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Turkey cenbank governor says domestic demand weak, underlying inflation slowing

Turkey cenbank governor says domestic demand weak, underlying inflation slowing

- Turkey's central bank governor Fatih Karahan said on Wednesday indicators pointed to weak domestic demand, while the underlying trend of inflation had slowed since July.

Karahan said the tight monetary policy stance had made the slowdown in domestic demand more pronounced and recent inflation developments showed that significant progress had been made in disinflation.

"Indicators confirm the weak course of domestic demand," he told an investment summit in Istanbul.



(Reporting by Ebru Tuncay
Writing by Ece Toksabay
Editing by Humeyra Pamuk)

((ece.toksabay@tr.com;))

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