CB governor upbeat on Turkey's economic future

Things are on the right track in Turkey, and the lira isn't overvalued, said Central Bank Governor Erdem Basci yesterday. Basci also dismissed talk that a possible economic crisis in Europe could affect Turkey, saying, "Things are going well in Turkey. We do not foresee a rise in interest rates." After his statement, the US dollar dropped to 1.67 TL and the stock market climbed 2.21 percent.