04.03.1998 - 00:00 | Son Güncellenme:
The banking circles claimed the continuity of fall in inflation which turned out to be low due to February expectations depends on the vanishing of expectations. And to make this structural reforms should be made.
Vakıfbank Chairman Hasan Kılavuz says it is a positive progress that the February inflation was low and added that for long term dropping of the inflation the inflationary expectations should be removed. "There is a circle in Turkey that doesn't want a fall in inflation rates. Thus the public should be taught. High inflation rates are everybody's common problem. Everyone should practice their responsibilities to reduce inflation. We must be sensitive about the interest rates. I don't post high interests as a banker and don't but the money that I can't sell. All the banks should do tis. Private banks should stop funding and start giving out loans" he said.
Muzzaffer Saygın the deputy chairman to Pamukbank said all the people expected low inflation in February so it was not that much of a surprise. "We must wait for a positive evaluation. The summer inflation can also be low if an early election is not held. But there are no changes in the structural conditions for a reduction in the annual inflation rates. The structural reforms were not practiced. We need them to be done" he said.