06 Dec 2017, Gergana Bencheva, EMIS Editor
Turkey’s central bank to maintain inflation target in 2018
The bank underlined that its main objective over next year would be to maintain price stability and its monetary policy decisions would be based on inflation expectations and pricing behavior.
Inflation target for the period 2018-2020 is set at 5% in line with an agreement between the central bank and the Turkish government. As for 2018 alone, the bank also plans to continue using a floating exchange rate so it would not be used as a policy instrument, Anadolu Agency noted.
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