Cevdet

Turkey will act if banks do not curb deposit rates: AKP deputy chair

The Turkish government will use the necessary tools at its disposal if banks to not curb rises in deposit rates, ruling Justice and Development Party Deputy Chairman Cevdet Yılmaz told Reuters on July 6.

Yılmaz, the AKP's deputy chairman responsible for economic affairs, said the rise in deposit rates was damaging to everyone and added they should be brought to a reasonable level.