Economic recovery overdue in Q3: Turkish Central Bank

ISTANBUL

Economic activity recovery is overdue in the third quarter of 2019, Turkey's Central Bank governor said Thursday.

During a presentation for the Banks Association of Turkey, Murat Uysal said banks will keep a prudent stance on monetary policy to achieve a decrease in inflation rates.

He stressed domestic demand and tightening of fiscal policy lowered inflation rates.

The Central Bank will continue to make all-out efforts for financial stability, he said.