IMF: Turkish CB independence essential for IT
The Fund's directors supported the tight monetary policy of the central bank, and its intention to hold back on rate cuts until inflation is on course for the 4% target for 2007. After hovering around the 10% mark for nearly a year, the trend has turned down and the Fund forecasts a rate of 5.6% for 2007. Its directors "underscored the importance of achieving a
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