Turkey cenbank commits to tight policy, sees 9.4% year-end inflation
4 Min Read ISTANBUL (Reuters) - Turkey’s central bank chief reaffirmed a commitment to tight policy on Thursday even if more “front-loaded” steps are needed, and he stood by an aggressive forecast that inflation of near 15% would drop below 10% by year end. FILE PHOTO: Gulsen Yuce (L) shops at a bazaar in Istanbul, Turkey January 30, 2016. REUTERS/Murad Sezer Governor Naci Agbal said it was “too early” to ease policy after the bank hiked its key interest rate to 17% from 10.25% since November, when he took the reins, giving Turkey among the highest borrowing costs in emerging market...
Source: reuters.com
