October 31, 2019 / 8:05 AM / 13 days ago

Turkish cenbank has used "significant portion" of space for loosening policy -governor

ISTANBUL, Oct 31 (Reuters) - Turkey’s Central Bank has used a significant part of the space available for loosening monetary policy, Governor Murat Uysal said on Thursday, a week after it cut its key interest sharply to 14%.

“I want to stress that...at the point we have reached, we have used a significant portion of the space in the loosening direction,” Uysal told reporters at a news conference to present the bank’s quarterly inflation report. (Reporting by Ezgi Erkoyun, Ali Kucukgocmen and Jonathan Spicer Writing by Dominic Evans Editing by Daren Butler)

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