Turkey's Central Bank insists on stability of prices

Every country needs an inflation target in order to ensure the stability of prices, Erdem Basci, the head of Turkey's Central Bank, said this morning during a press meeting in Ankara.Turkey's inflation target for 2013 is estimated to be 5.3 percent, he said.Meanwhile, the...
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E-mail article Print Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά Text

Turkey's Central Bank insists on stability of prices



Hurriyet Daily News - 29.01.2013

Every country needs an inflation target in order to ensure the stability of prices, Erdem Basci, the head of Turkey's Central Bank, said this morning during a press meeting in Ankara.

Turkey's inflation target for 2013 is estimated to be 5.3 percent, he said.

Meanwhile, the bank head said the country would be following a formula of "3x5," whereby financial authorities will target an inflation rate of 5 percent, a growth rate of 5 percent and a current account deficit-to-GDP ratio of 5 percent.

Source: bne

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