Wednesday, July 31, 2013

Is Turkey Heading For Another Missed Target? - MoneyBeat - WSJ

Is Turkey Heading For Another Missed Target?

By Yeliz Candemir and Emre Peker

Turkey’s central bank has a reliable record on inflation: it consistently misses targets.

Since Governor Erdem Basci took the helm in 2011, he has struggled to tame price increases while also deploying loose monetary policies that support the government’s economic growth targets.

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