Turkish central bank raises inflation target

Turkey’s central bank sharply raised its inflation targets for the next three years as energy and commodity prices continue to climb, June 2008, in a move that one economist said could be the start of a trend among central banks.

Turkey: Central Bank of Turkey: Press Release, 3.6.08: Open Letter Written to the Government About Inflation Targets Pursuant to Article 4 of the Central Bank Law (Translation) http://www.tcmb.gov.tr/yeni/announce/2008/ANO2008-14.pdf

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