"Turkey reveals final phase of inflation-busting strategy
By Vincent Boland in Ankara
Published: December 6 2005 02:00 | Last updated: December 6 2005 02:00
Turkey's central bank announced yesterday that it would move to formal inflation targeting in January, with a range of two percentage points on either side of its formal target of 5 per cent for 2006.
Sureyya Serdengecti, central bank governor, said he would hand over responsibility for setting interest rates to a monetary policy committee."
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