"Turkey cbank sees below target inflation, rate cuts
*2009 inflation seen in 4.8 and 7.2 percent range *Differences with IMF for loan deal sorted out *Expects double-digit GDP contraction in Q1 *Turkey financing need falling below $30 bln
By Hatice Aydogdu
ANKARA, April 30 (Reuters) - Turkish central bank Governor Durmus Yilmaz said on Thursday the bank expected inflation to undershoot its 2009 target, paving the way for more interest rate cuts this year.
The central bank is aiming for 7.5 percent inflation in 2009, but a steep global economic downturn and weak domestic demand will push the rate below the target after the bank failed to meet its aim for three consecutive years."
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