Deutsche Bank: Turkish CB policies are incredibly advantageous

Deutsche Bank stated that the Turkish economy overcame the world financial and economic crisis powerfully in 2009 and grew 9 percent in 2010, and 8.5 percent in 2011. According to Deutsche Bank's report on "Brazil, Indonesia and Turkey Experiences", Turkish Central Bank's flexible policies on daily basis could be considered 'unique advantageous' during global fragilities. According to the bank's research that there had been confidence that Turkey's long term inflation rate would be 5 percent. "Will Turkey achieve a successful soft landing? This is the main question. Authorities in Turkey state that the growth would be around 4 percent and the current deficit which was 8.2 percent of the gross national product (GNP) could be financed," the report said. Results of the report support that all three countries' central banks should concentrate on their inflation target. Deutsche Bank predicted a 2.3 percent growth in the Turkish economy in 2012. Releasing a monthly report on Monday on the developing countries, Deutsche Bank also predicted a 4.5 percent growth in Turkey's economy next year. The bank has also positive outlook on the inflation rate in Turkey. The inflation rate would be decreased to 9.2 percent at the end of the year, and it would be around 6.5 percent in 2013, the bank stated in the report.