Update: Turkısh Central Banker: 'Rate Of Publıc Debt To Gdp Won't Exceed 47%-48%'

Delivering a speech in a conference held by Adana Chamber of Industry, Yilmaz noted that core inflation will also increase in the coming period but increase in inflation will be temporarypricing behaviors should not be changed.

Yilmaz said there will be a return to disinflation in the second half of the year.

"We do not foresee a change in the stance of the monetary policy" he said.

Yillmaz emphasized that countries will be distinguished according to their public debt burdens in the near future.

"We think that Turkey is in a good situation especially about debt burden. This situation must definitely be maintained. Rate of public debt to gross domestic product (GDP) will not exceed 47%-48%," he stated.

Yilmaz noted that if supply conditions change the amount of daily USD buying auctions could be increased.

Yilmaz said there is a recovery in industry employment but there is no significant change in public sector employment. He noted that the bank does not expect significant rise in investment spending in the near future.

Yilmaz said revival in economic activity has stemmed from domestic demandongoing problems in Eurozone will have negative impact on foreign trade.

He said Turkey's credit ratings rising to investment levels will not be a surprise.

Also replying to the questions of reporters Yilmaz said that the bank does not have a 'secret foreign exchange rate' target.

Yilmaz emphasized that the Turkish lira would continue appreciating in a specific range, if right policies maintained.