Turkish central bank says drop in tourism revenue may hit external balances

 22 Jun 2016 - 11:16

Turkish central bank says drop in tourism revenue may hit external balances


ISTANBUL: The Turkish central bank said on Wednesday that a decline in tourism revenue may hit external balances in the second half of the year.
In a presentation to economists posted on its website a day after it cut its overnight lending rate by 50 basis points, the bank also said it expects an improvement in the current account balance to continue. 
REUTERS