DENIZLI, Turkey, Sept 24 (Reuters) - The Turkish lira's depreciation has been excessive and the currency will recover, but the private sector should not worry about its decline, Central Bank Governor Erdem Basci said on Tuesday.
The lira has slid 15 percent this year, mainly on concerns the U.S. Federal Reserve would taper its economic stimulus, which had boosted assets in emerging markets in recent years.
Basci said the lira may firm to 1.80 against the dollar in 2014 if capital flows strengthen, from 1.99 on Tuesday.
The bank will only adjust short-term rates if it sees risks to the inflation outlook, Basci also said at a conference in the western city of Denizli.
(Reporting by Seda Sezer, writing by Ayla Jean Yackley) Keywords: TURKEY CENTRALBANK/LIRA
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