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Tuesday, 26 July 2016

Turkey central bank decries ‘hasty’ ratings downgrade |

Turkey central bank decries ‘hasty’ ratings downgrade |

"The Turkish central bank governor slammed ratings agency Standard & Poor’s on Tuesday for downgrading Turkey’s sovereign debt following the July 15 failed coup, calling the decision “hasty”.

Speaking at a news conference to announce the bank’s quarterly inflation report in Ankara, Murat Cetinkaya said it was still too early to assess the impact of the abortive putsch on the Turkish economy.

“To be able to understand the impact of the incident we have recently experienced in Turkey ... a sufficient amount of time needs to have passed and a sufficient amount of data and observations need to be collected,” Cetinkaya said.


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