Turkey's Central Bank 'not pushing the brakes too hard'

ANKARA (A.A) - The head of Turkey's Central Bank said on Tuesday that the latest measures announced by his bank aimed at growth and they should not be perceived as "pushing the brakes too hard".
Replying to questions at a press conference in capital Ankara, Governor Durmus Yilmaz of the Turkish Central Bank said, "We have not pushed the brakes too hard with our latest measures. Our main goal is growth an creating employment opportunities. However, these should be sustainable".
Yilmaz said that Central Bank's measures aimed at a sustainable borrowing process, financial stability, growth and price stability.
Upon a question on the recent reduction in interest rates in Turkey, the governor said Turkish Central Bank's latest decisions were not in contradiction with the measures taken by the central banks of other countries.
"Central Bank of Turkey implements a tightening monetary policy as well, however, interests and required reserve ratios have an important role in this policy," he said.
Commenting on several foreign press organs' considering the "low interest-high reserve ratio" policy risky, Yilmaz said, "As a self-confident and self-aware central bank, we stand by the decisions we have taken".
Yilmaz also noted that his bank aimed at maintaining Turkish banking sector's healthy and strong structure in the medium and long term.