ANKARA
Central Bank Governor Erdem Basci said that they predicted the inflation rate for 2013 to be between 3.9-6.7 percent with 5.3 percent midpoint.
We also predict the inflation rate will be between 3.1-6.7 percent with a midpoint of 4.9 percent in 2014, added Basci who held a press conference on Tuesday.
Basci said that they expected core inflation to stay under five percent by the end of 2013.
Basci noted that the highest risk in 2013 would be economy policies risk which was generally seen in developed countries.
Current account deficit "may drop to 5 percent"
Central Bank Governor Erdem Basci said that it seemed possible to drop current account deficit to five percent in 2013.
In 2012, current account deficit will be under 6.6 percent, Basci told reporters on Tuesday.
Basci said that five percent current account deficit was a better performance than it was envisaged in mid-term economic program.
Touching on the ratio between growth rate and inflation rate, Basci said that economy grew by itself when inflation was eliminated, adding that inflation was an important obstacle before growth.
If Turkey grows five percent, it will become one of the fastest growing countries of the world, said Basci, adding that four percent growth rate would also carry Turkey among leading countries in economy.
Basci expressed belief that Turkey would be among top five countries in the world with its growth rate this year too.
Turkey will easily reach its 2023 target with a five percent annual average growth rate, he added.
