The sector supports the economy with its strong corporate infrastructure, high capital adequacy and management capability in uncertainty periods, Kaan Gür told Anadolu Agency.
He stressed: “We expect a gradual transition to growth and positive progress in the second half of this year.”
Gür added that the inflation rate was dropping rapidly and could reach single digits in September-October.
The annual inflation rate, which saw a 25% rise last October, was 15.72% in June.
He said: “As of July, we expect the Central Bank to start dropping interest rates by 400 basis points gradually.”
Hurriyet Daily News