ANKARA: Turkey's central bank sees little sign of recovery in investment sentiment, with weak confidence and global market uncertainty posing a risk to growth, it said in the minutes of last week's monetary policy meeting, released on Tuesday.
It forecast oil prices would continue to fall this month, helping to ease energy inflation, but said weak exports and a possible decline in tourism revenues might limit the improvement in the current account deficit, Turkey's main economic weakness.
The monetary policy committee agreed that it could be useful to tighten its policy stance to balance inflation risks, the bank said in the minutes of last Tuesday's meeting, at which it left interest rates on hold.
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