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Western EuropeOctober 3 2004

Single-digit focus

Süreyya Serdengeçti, the governor of Turkey’s central bank, talks to The Banker about the country’s bank reforms and his aspirations for the financial sector.
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 Q Turkey has been able to achieve a record reduction in inflation over the past year or more. How do you view this process and can the prospect of single-digit inflation be maintained?

A First of all, we need to focus on the new macroeconomic framework and structural transformation of the Turkish economy in the last three years to have a better understanding of the changing dynamics of the inflation process.

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